![]() Walmart has donated 1.3 million cases of hand sanitizer to a network of more than 350 nonprofits, schools and governmental organizations, including the Federal Emergency Management Agency. “Current demand is still higher than pre-pandemic, but has decreased since its height, creating some surplus.” “Indeed, 2020 brought unprecedented consumer demand for a number of items including hand sanitizer, and we took the necessary steps to meet and exceed those demand levels,” CVS spokesman Matt Blanchette said in an email. Too well stocked in some cases.ĭrugstore chain CVS, which has nearly 10,000 locations, has donated excess hand sanitizer to community groups and provided discounts to customers, including through its ExtraCare Rewards loyalty program. 25 conference call.Īt the nation’s largest retailers, the shelves are well stocked with hand sanitizer these days. “If you notice in the stores now, there’s an abundance of hand sanitizer,” MGP Ingredients CEO David Colo said in a Feb. In February, they fell 23% compared with January.Īnd in March, they fell 3% compared with February.įor companies like MGP Ingredients, a publicly traded distillery that increased production of alcohol for use in hand sanitizer products in 2020, the boom has faded. In January, hand sanitizer sales fell 38% compared with December. But sales have fallen for several consecutive months since last year’s peak. ![]() hand sanitizer sales rose more than 620% in 2020, totaling about $1.45 billion, according to research firm NielsenIQ. Sign up hereįord Falcon? Chevy Bel Air? Could these classic cars be resurrected? Save better, spend better: Money tips and advice delivered right to your inbox. Demand may also have trailed off amid an increasing recognition that COVID-19 is typically transmitted from person to person through the air, not on surfaces. To be sure, demand remains elevated over pre-pandemic levels, and brand names like Purell are still performing well.īut many Americans now have more than enough hand sanitizer in the cupboards at home. And distilleries that had suddenly entered the hand sanitizer business have pulled back. Meanwhile, imports of hand sanitizer, which surged last summer as industry newcomers scrambled to meet demand, have plummeted. Many retailers and manufacturers are now facing a surplus of hand sanitizer, so much so that they’re using discounts and giveaways to get rid of the stuff – especially off-brand products that flooded the market in the months after the pandemic began. Finding a bottle of Purell was like striking gold. Watch Video: COVID-19: HHS cancels FDA fees on distilleries who made hand sanitizerĪmericans feverishly stocked up on hand sanitizer in the early days of the coronavirus pandemic, snapping up every bottle they could find and leaving shelves bare for months.
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