In keeping with its performance throughout the review period, the variety stores channel recorded high double-digit growth in current value sales in 2022. The wide assortments and competitive pricing strategies of these retailers became more appealing to …
Department stores was one of the hardest hit retail channels by the pandemic with sales suffering due to a sharp drop in tourism, reduced store traffic and declining discretionary spending. Furthermore, unlike other channels many department stores did not…
Jumbo continued to lead variety stores category in Greece in 2022, holding almost 80% of retail value share. Despite facing a decline in sales during the pandemic, Jumbo managed to bounce back and come close to 2019 sales. The company began as a toys and …
Department stores continued to recover from the harsh impact of the COVID-19 pandemic in 2022, although overall sales remain well below pre-pandemic levels. These retailers had already been struggling prior to 2020 due to a general lack of investment and …
General merchandise stores, which comprises department stores and variety stores, experienced declining sales in constant value terms in 2022. Department stores were hit particularly hard by the COVID-19 crisis when mandatory store closures and other rest…
General merchandise stores saw continued decline in the Bulgarian market in 2022, falling further below pre-pandemic levels because shoppers’ patterns have changed ever since the outbreak of COVID-19. Increasingly consumers have shown a focus on e-commerc…
COVID-19 restrictions' impact on brick-and-mortar retailers was overcome in 2022, with outlets remaining open to the public throughout the year. Although recovery from the pandemic continued to build, consumer demand remained weak compared to 2019. Year-o…
With the opening of the economy in 2022 following the outbreak of COVID-19, there was a natural shift to out-of-home consumption. The lifting of restrictions saw many consumers return to face-to-face work, putting downward pressure on the sale of products…
Retail in Canada witnessed solid growth in current value terms in 2022 with offline sales benefiting from the lifting of the remaining COVID-19 restrictions, with this encouraging consumer spending on a range of products. However, growth was also driven b…
Retailing value growth was strong in Bulgaria in 2022, mainly driven by the rampant inflation which hit many retailers hard, forcing them to increase the unit prices of most products while personal disposable incomes continued to stagnate. Inflation was i…
Retailing in 2022 was driven by rising unit prices as inflation pushed past 10%, causing thriftier consumer behaviour. As Slovak households started delaying larger purchases, retailers’ price competition became more intense, which resulted in price wars. …
While retail in Poland posted an improved result in terms of total current value sales growth in 2022, its performance in this respect was skewed by price increases as inflation rose rapidly due to the combined impact of the global recovery from the pande…
General merchandise stores (department stores and variety stores) suffered during the era of COVID-19, as the channel was deemed to be non-essential, and outlets were required to close due to pandemic restrictions. Even if such stores were still allowed t…
Department stores saw a sharp decline in sales in 2020 following the outbreak of COVID-19 with non-essential stores forced to close and consumers ordered to stay at home. As restrictions were eased in 2021 sales started to recover, with this pattern conti…
General merchandise stores, which comprises department stores and variety stores, experienced positive growth for the second consecutive year in 2022, although current value sales remained well below pre-pandemic levels. Department stores were hit particu…
Retail current value sales of department stores plunged by around a fifth in both 2020 and 2021. Department stores operators were particularly hit hard by Coronavirus (COVID-19), particularly during the lockdowns, when they were forced to temporary close …
With the impact of COVID-19 dampening, consumers in 2022 were willing to go out and visit the high streets once more, leading to healthy growth for department stores. However, due to fierce competition from e-commerce and the cost of living crisis in 2022…
2022 was a year of recovery and normalisation for retail in Vietnam, following the impacts created by the COVID-19 pandemic which lasted into 2021. In 2022, the Vietnamese government removed all restrictions and social distancing measures which were in pl…
Retail in Saudi Arabia witnessed a strong recovery in domestic demand as the remaining COVID-19 restrictions were lifted. Sales also benefited from an increase in retail space in 2022 with a significant number of new outlets opening, including within majo…
Following the easing of various national COVID-19 related measures, retail in Indonesia saw healthy growth for the second consecutive year in current value terms in 2022. The return of consumers to their physical offices, combined with the reopening of sh…