Australian shops ration booze to foil hoarders amid virus shutdowns [Reuters]
WESFARMERS LTD UNSP/ADR (WFAFY)
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Source: Reuters
Australian shops ration booze to foil hoarders amid virus shutdowns SYDNEY (Reuters) - Australia’s retailers are putting limits on purchases of alcohol as hoarders turn their attention from toilet paper and other household essentials to drink amid a widespread shutdown to slow the spread of the coronavirus. Supermarket giants Woolworths Group Ltd, Coles Group Ltd and others agreed this week to limit sales for each shopper after social distancing measures to keep people home resulted in spikes in drink purchases. The measures show how panic buying that began with toilet paper and rice is making its way through the retail sector as people fret about product availability despite assurances from the authorities that there is enough to go around. “Uncertainty on the impact of supply following the closure of pubs, clubs and restaurants last week caused some people to purchase differently,” said Julie Ryan, CEO of industry group Retail Drinks Australia which recommended the measure. “These t
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