Lindt’s chocolate sales hit by lockdowns, sees slow recovery – ZAWYA

  • Date: 22-Jul-2020
  • Source: Zawya
  • Sector:Economy
  • Country:UAE
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Lindt’s chocolate sales hit by lockdowns, sees slow recovery – ZAWYA

lindt's chocolate sales hit by lockdowns, sees slow recovery sees sales decline of 5-7% this year    zurich - swiss chocolate maker lindt & spruengli expects a slow recovery in sales from the impact of the coronavirus crisis, before they bounce back next year, the company said on tuesday.chocolate makers have been facing softer demand during the crisis as many shoppers stocked up on essential supplies and made fewer impulse purchases.chief financial officer martin hug said he expected sales at the group's own stores to be below 2019 levels this year as social distancing meant fewer transactions, and he saw no quick recovery in the group's profitable travel retail business.chocolate makers have been facing softer demand during the crisis as many shoppers stocked up on essential supplies and made fewer impulse purchases.chief financial officer martin hug said he expected sales at the group's own stores to be below 2019 levels this year as social distancing meant fewer transactions, and he saw no quick recovery in the group's profitable travel retail business."the rebound will take time," he said. hug said there were no signs of consumers swapping high-quality chocolate for cheaper treats as products typically consumed at home - like lindt's