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Are supermarket stocks all shopped out?

Samantha Chiew
Samantha Chiew • 8 min read
Are supermarket stocks all shopped out?
Are supermarket stocks all shopped out?
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Last year, when the Covid-19 pandemic hit Singapore, many businesses suffered. They were forced to halt their businesses for months, especially during the “circuit breaker”. But a few have emerged as beneficiaries amid the havoc, such as supermarket operators.

Deemed as an essential service, supermarkets have remained open throughout. Staying home was crucial even as lockdown measures were lifted, and this quickly became the new norm as companies adapted to work-from-home arrangements. With that, the supermarkets thrived, as people stocked up on more goods and groceries.

As Singapore moves towards an endemic, what would it mean for the supermarkets?

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