In recent years, discounters was one of the fastest growing of all offline retail channels in the US. The discounters business model, which is built around offering a limited selection of products, usually under private label lines, at significantly lower…
After recording current value growth throughout the tumultuous years of 2020 and 2021, convenience stores and forecourt retailers continued to see growth in 2022 despite ongoing challenges related to labour shortages and supply chain disruptions. While st…
The country continued to emerge out of the Coronavirus (COVID-19) pandemic in 2022. With the relaxation of restrictions on movement and socialisation, shoppers returned to physical stores, driving the ongoing recovery of sales in categories that were high…
Retail sales gained further growth momentum in 2022, in both retail offline and online. While growth through grocery retailers started to stabilise following the surge in demand for fresh food during home seclusion as local consumers engaged in the freque…
In 2021, the most important story in retail in the US was undoubtedly the ongoing impact of the COVID-19 pandemic. Through the spring (and again, to a lesser extent, towards the very end of the year, as the Omicron variant of the virus began to spread rap…
A significant number of expats left the country after the outbreak of COVID-19 but they are now returning, with this providing a boost to retail in Oman in 2022. Consumers in Muscat are demanding greater convenience due to increasingly hectic lifestyles w…
Retail in Estonia saw total current value sales grow at a double-digit rate for a second consecutive year in 2022. However, growth was only marginally faster than in 2021 despite steep increases in unit prices for all kinds of goods amidst a surge in infl…
Rising incomes and urbanisation are broadening the appeal of modern retailing, with more consumers able to access these channels. However, informal retail remains strong, while poor infrastructure is hindering retail development. Younger consumers are inc…
The intense and rapid investment needed from department stores in 2020 for them to level up their online strategies as a response to COVID-19 quarantines and the reduction in foot traffic, meant that as restrictions all but disappeared over 2022, it was t…
General merchandise stores, which comprises department stores and variety stores, experienced positive growth for the second consecutive year in 2022, with constant value sales edging back towards pre-pandemic levels.
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Retail sales in Mexico saw healthy growth for the second consecutive year in current value terms in 2022 following the pandemic-induced slump in 2020. However, this was due mainly to inflationary pressures, which led to an increase in unit prices. Accordi…
2022 was a year in which consumers in Chile realised the effect that inflation was having on their pockets. There was a bumpy end to 2019, and 2020 was marked by the fear and uncertainty of the COVID-19 pandemic. However, 2021 was full of promise and spen…
Benefiting from the solid performance and recovery by department stores in both 2021 and 2022, following a marginal decline in the first year of the pandemic, a channel that it dominates in value sales terms, Havan Lojas de Departamento Ltda was able to s…
Retail recorded another year of double-digit value growth in 2022, as Brazil further eased pandemic-related restrictions and consumers spent greater time outside of their homes, returning to the workplace, socialising and in-person shopping. Grocery retai…
2022 proved to be another tough year for China’s general merchandise stores, as the ongoing spread of the Omicron variant of COVID-19 resulted in tightened pandemic restrictions and reduced foot traffic. The decrease in customer visits had a direct negati…
General merchandise stores in Italy fully recovered to pre-pandemic value sales levels in 2022, driven by variety stores. The channel benefited from the greater willingness of Italians to return to physical shopping as restrictions eased, with variety sto…
El Corte Inglés remained the dominant player in general merchandise stores in 2022, accounting for more than two thirds of value sales. It is synonymous with the term “department store” in the minds of local consumers, and is the major showcase for Spanis…
After the outbreak of COVID-19 in 2020, China followed a zero-COVID policy, which aimed to maintain the total case numbers as close to zero as possible. Zero-COVID proved to be successful in 2021, with China recording far fewer total case numbers than oth…
Retail in Italy in 2022 continued to perform positively with value sales increasing in both retail offline and retail e-commerce. At the same time, the industry recorded another decline in terms of outlet numbers and selling space, as players looked to re…
More than two years after the beginning of the crisis generated by the COVID-19 pandemic, the global economy was also hit by the effects of the Russian invasion of Ukraine in 2022. The consequences of this war have been global in nature and of great depth…