France Heatwave Triggers Panic Buying of Fans and Air Conditioners
Shoppers in France are scrambling to buy fans and air conditioners amid an intense heatwave, with reports of fights breaking out in some stores. The surge in demand is expected to boost near-term sales of cooling appliances and increase electricity consumption.
An extreme heatwave in France has sparked panic buying of cooling devices such as fans and air conditioners. According to local reports, shoppers are storming stores, with some outlets even witnessing physical altercations over limited stock.
The sudden spike in demand is likely to provide a short-term lift to sales for consumer electronics retailers and manufacturers of cooling equipment. At the same time, the heatwave is expected to drive up electricity consumption as households run units for extended periods.
Source: First Squawk