During the period from February 24 to March 1, 2020, the average transaction value across wholesale club retailers increased when compared to the period from January 1 to February 23. The average transaction value in BJ's Wholesale Clubs increased from 82 U.S. dollars to 98 U.S. dollars in that time period. These increases were likely triggered by the coronavirus pandemic which has led to increased bulk purchasing of staple goods amongst consumers.
What foods are purchased during the Coronavirus outbreak?
Sales of non-perishable foods surged in the United States in March due to consumer's fear over coronavirus. Packaged goods saw the highest percentage of growth in sales out of all edible grocery items. Beverages and alcohol also had a substantial increase in sales, as did snack items such as cookie variety packs, perhaps indicating that consumers would like comfort foods and drinks to treat them through long periods of isolation at home.
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Statista. (March 19, 2020). Average transaction value in selected wholesale club retailers during the coronavirus outbreak in the United States in 2020 (in U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1104811/coronavirus-average-retail-transaction-value-of-selected-wholesale-clubs-us/
Statista. "Average transaction value in selected wholesale club retailers during the coronavirus outbreak in the United States in 2020 (in U.S. dollars)." Chart. March 19, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1104811/coronavirus-average-retail-transaction-value-of-selected-wholesale-clubs-us/
Statista. (2020). Average transaction value in selected wholesale club retailers during the coronavirus outbreak in the United States in 2020 (in U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1104811/coronavirus-average-retail-transaction-value-of-selected-wholesale-clubs-us/
Statista. "Average Transaction Value in Selected Wholesale Club Retailers during The Coronavirus Outbreak in The United States in 2020 (in U.S. Dollars)." Statista, Statista Inc., 19 Mar 2020, https://www.statista.com/statistics/1104811/coronavirus-average-retail-transaction-value-of-selected-wholesale-clubs-us/
Statista, Average transaction value in selected wholesale club retailers during the coronavirus outbreak in the United States in 2020 (in U.S. dollars) Statista, https://www.statista.com/statistics/1104811/coronavirus-average-retail-transaction-value-of-selected-wholesale-clubs-us/ (last visited November 21, 2024)
Average transaction value in selected wholesale club retailers during the coronavirus outbreak in the United States in 2020 (in U.S. dollars) [Graph], Statista, March 19, 2020. [Online]. Available: https://www.statista.com/statistics/1104811/coronavirus-average-retail-transaction-value-of-selected-wholesale-clubs-us/