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Pandemic buying: Covid-19 and purchasing behaviour of French households

Author

Listed:
  • Thierry Lorey

    (Kedge BS - Kedge Business School)

  • Mazhar Mughal

    (ESC PAU - Ecole Supérieure de Commerce, Pau Business School)

  • Rashid Javed

Abstract

In this study, we use comprehensive French consumer data from the Nielsen ScanTrack retailer panel to analyse the progression of purchasing trends of French households during the coronavirus outbreak. Our results are threefold: First, we observe three temporal phases, namely the normal (pre-Covid-19) period, the anticipation period, and the lockdown period. During the three weeks of anticipation (24 February-15 March), sales of basic and cleaning products increased by 17%. The first week of the preventive lockdown saw panic buying with sales jumping by 30%, followed by a more subdued growth during the subsequent weeks of the lockdown. We found these time trends to be similar to those observed in Italy and Spain. Second, sales of the hypermarkets fell by 6% during the lockdown, while those of supermarkets and convenience stores rose by 13% and 28% respectively. Online sales through drive stores (80%) and home delivery (93%) showed the highest growth. Covid-19 appears to have accentuated the joint evolution of two major phenomena: strong development of E-commerce, and the desire of the households to visit small shops close to their homes. Third, in terms of product categories, we observe an increase in basic, easy-to-store food products, an increasing consumption of fresh, local & organic products, a significant increase in the purchase of basic hygiene products, and a decline in the purchase of cosmetics. In the latter case, Covid-19 seems to have accentuated a fundamental trend in household purchases in France: "eat local".

Suggested Citation

  • Thierry Lorey & Mazhar Mughal & Rashid Javed, 2022. "Pandemic buying: Covid-19 and purchasing behaviour of French households," Working Papers hal-03697828, HAL.
    • Handle: RePEc:hal:wpaper:hal-03697828
    Note: View the original document on HAL open archive server: https://hal.science/hal-03697828
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    References listed on IDEAS

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    1. Scott R Baker & Robert A Farrokhnia & Steffen Meyer & Michaela Pagel & Constantine Yannelis & Jeffrey Pontiff, 0. "How Does Household Spending Respond to an Epidemic? Consumption during the 2020 COVID-19 Pandemic," The Review of Asset Pricing Studies, Society for Financial Studies, vol. 10(4), pages 834-862.
    2. Dora Gicheva & Justine Hastings & Sofia Villas-Boas, 2010. "Investigating Income Effects in Scanner Data: Do Gasoline Prices Affect Grocery Purchases?," American Economic Review, American Economic Association, vol. 100(2), pages 480-484, May.
    3. Christopher J. Ruhm, 2000. "Are Recessions Good for Your Health?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 115(2), pages 617-650.
    4. Asger Lau Andersen & Emil Toft Hansen & Niels Johannesen & Adam Sheridan, 2020. "Pandemic, Shutdown and Consumer Spending: Lessons from Scandinavian Policy Responses to COVID-19," Papers 2005.04630, arXiv.org.
    5. Monica Costa Dias & Robert Joyce & Fabien Postel‐Vinay & Xiaowei Xu, 2020. "The Challenges for Labour Market Policy during the COVID‐19 Pandemic," Fiscal Studies, John Wiley & Sons, vol. 41(2), pages 371-382, June.
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    More about this item

    Keywords

    Covid-19; lockdown; purchasing behaviour; France; Italy; Spain;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • I10 - Health, Education, and Welfare - - Health - - - General

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