Following the dynamic growth rates seen during the COVID-19 pandemic in 2020 and 2021, health and beauty specialists saw a slight correction in 2022, with sales turning to decline. This was largely due to sales slipping in pharmacies and health and person…
Appliances and electronics specialists saw a strong decline in current value terms in 2022, for several reasons. First of all, the channel saw strong growth during the COVID-19 pandemic in 2020 and 2021, as consumers spent the money they would otherwise h…
Apparel and footwear specialists saw only low growth in current value terms in 2022, as the impact of the economic crisis and the war in Ukraine resulted in a lower level of consumer confidence than was seen at the height of the COVID-19 pandemic. Overall…
Small local grocers often carry higher prices than other grocery retail channels, due to their higher costs and lack of economies of scale. Meanwhile, the economic crisis and the war in Ukraine resulted in lower levels of consumer confidence in 2022 than …
The impact of the economic crisis and the war in Ukraine resulted in lower levels of consumer confidence even compared with the height of the COVID-19 pandemic. Consumers therefore tried to limit their expenditure and save money where possible. This led s…
Consumers tried to save money in 2022, as the impact of the COVID-19-induced economic crisis and the war in Ukraine resulted in lower levels of consumer confidence than seen even during the height of the pandemic. This led some consumers to shift to shopp…
The impact of the economic crisis and the war in Ukraine resulted in lower levels of consumer confidence in Denmark in 2022 than were seen even during the COVID-19 pandemic. This meant consumers tried to save money where possible, a factor that positively…
Convenience stores recorded solid growth in 2021, as a new wave of COVID-19 early in the year led more consumers to spend time at home, and they relied on their local convenience retailers for supplies. However, the channel was unable to maintain this mom…
After two years of solid growth during the COVID-19 pandemic, overall retail saw a slight decline in current value terms in 2022. This was partly due to some normalisation of sales after two strong years, and partly due to the impact of the economic crisi…
Before the outbreak of the Coronavirus (COVID-19) pandemic, e-commerce purchases of goods were largely made via foreign websites, such as Amazon or other similar sites. However, with the development and strong promotion of domestic e-commerce platforms, B…
The outbreak of the Coronavirus (COVID-19) pandemic hit direct selling companies hard as they were almost entirely dependent on their sales agents or distributors to generate sales. Restrictions on movement and socialisation stopped this model in its trac…
Pharmacies remained a leading format within non-grocery retailers in Bolivia at the end of the review period. Farmacorp, the leading non-grocery retailer, continued to invest heavily in expansion to reach, according to the company, all regional capitals o…
New payment technologies continued to arrive in modern grocery channels in Bolivia at the end of the review period. Consumers demand in-person shopping options that incorporate more of the ease and convenience of online shopping. In a market where modern …
Growth in total e-commerce current value sales in 2022 was down markedly on 2021, and also much lower than the CAGR for the entire review period. This was partly explained by the normalisation of trade, in that after having received a significant boost fr…
Growth in direct selling current value sales in 2022 was up significantly on 2021. While this was partly because spiralling inflation caused unit prices to rise, the improvement was primarily explained by reduced concern about community transmission of CO…
Despite steep price hikes resulting from the dramatic and prolonged spike in inflation, overall current value sales growth for non-grocery retailers in Estonia in 2022 was only slightly stronger than that recorded in 2021. Demand in all channels was depre…
While grocery retailers in Estonia showed a markedly improved performance in terms of overall current value sales growth in 2022, this was mainly due to soaring inflation fuelled by the global recovery from the pandemic and the fallout of Russia’s invasio…
Albeit recording slower value growth compared to a dynamic 2020 and 2021, when home seclusion saw an increasing number of Taiwanese move online to avoid others, retail e-commerce remained a strong performer in 2022, driven by habit persistence and conveni…
In line with greater mobility outside of the home, vending continued to gain growth momentum in 2022. During the pandemic, an increasing number of grocery retailers launched vending machines located outside their storefronts selling all kinds of daily cle…
Direct selling was a solid performer throughout the pandemic, as many consumers were unable to access stores to buy a wide variety of goods due to the requirement that all non-essential stores remain closed throughout the quarantine lockdown period. Direc…