Reuters reports that despite rumors to the contrary, British shoppers have not begun stockpiling food and water because of fears that the UK will be the victim of terror attacks because of its support of the US in the war with Iraq.
Tesco said that business had remained steady, while Sainsbury said that it had noted a “very slight” increase, but nothing approaching panic buying.
Unilever said that the war was having” no significant effect” on sales.
In the US, there also has not been panic buying. In fact, the opposite has occurred, as retailers blame what they call the “CNN effect” for slowing sales and customer traffic since the war began six days ago.
Tesco said that business had remained steady, while Sainsbury said that it had noted a “very slight” increase, but nothing approaching panic buying.
Unilever said that the war was having” no significant effect” on sales.
In the US, there also has not been panic buying. In fact, the opposite has occurred, as retailers blame what they call the “CNN effect” for slowing sales and customer traffic since the war began six days ago.
- KC's View:
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Sure, blame the media.
Besides, here in the US we did all our binge buying a few weeks ago. How much more water, duct tape and plastic sheeting can we buy?
