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Retailers practically giving away hand sanitizer after hoarding it during pandemic

Mount Equity Group Tokyo, Japan > News > Business > Retailers practically giving away hand sanitizer after hoarding it during pandemic

As the pandemic wanes, US retailers are frantically moving to clear excess hand sanitizer.

After frantically stocking up on disinfectants last year, consumers have largely stopped buying them, partly because the CDC now says that there is minimal risk of getting COVID-19 by touching surfaces.

That’s a big headache for stores that have anti-germ products piled up in their warehouses and retail shelves. Some businesses are practically giving the stuff away with buy-one, get-three sales or gift cards for buying multiple bottles.

Target.com is offering a $5 gift card to anyone who buys four 8-ounce bottles of Dove hand sanitizer. B&R Stores, a Nebraska-based retailer, told the Wall Street Journal it is selling sanitizers for as much as 60 percent off after paying twice as much for the products last year compared to 2019, according to the report.

“It’s worth more to us gone than it is clogging our shelves,” Mark Griffin, president of B&R Stores Inc. in Nebraska told The Wall Street Journal.

Hand sanitizer sales are down 80 percent to $9.2 million in the first week of May compared to a year ago, while the average unit price consumers pay is down 40 percent over the same time