Supermarkets Feel the Squeeze Despite the Sales Boom | Money

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The coronavirus lockdown appears to have given a huge boost to pressed UK supermarket chains.

Millions more people are working from home, and with pubs and restaurants closed for four months, people are buying more in supermarkets to eat and drink at home.

The lockdown also sparked a huge surge in online grocery sales, with Tesco more than doubling the number of its online delivery slots from just over 600,000 in March to nearly 1.3 million. in July.

On top of that, UK supermarkets have benefited to the tune of more than £ 1 billion from the government’s business rate vacations, even though they have traded throughout the coronavirus crisis.

Yet despite this seemingly favorable trade

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