In 2022, many retailing channels posted positive growth in terms of retail value sales. This included department stores and non-grocery retailers, which had been particularly negatively impacted over 2020-2021 due to Coronavirus (COVID-19) lockdowns and g…
Following the loosening of COVID-19 restrictions and regulations, there was a shift to out-of-home consumption in 2022, which saw various retailers recording a recovery from the impact of the virus. Consumers started to travel more often, with office work…
2022 was a good year for the retail industry in the Philippines thanks to greater mobility of shoppers against a backdrop of growing COVID-19 vaccination rates and rising disposable incomes. The government issued a back-to-office order in 2022, which saw …
The operating environment was extremely challenging for retailers in 2022. In addition to declining footfall in city centres, consumers burdened by inflationary pressures became more price-conscious. Consumers spending more cautiously were less likely to …
The retail industry in Japan performed well in 2022, with current value sales already fully recovering to pre-pandemic levels the previous year. However, this differed across the channels, with overall value sales through retail offline remaining just bel…
With the Indian economy recovering in 2022, the retail industry was showing strong double-digit growth that was even stronger than the performance seen in 2021. The dynamic performance in 2022 was being driven by more positive consumer sentiment as well a…
During 2022, with the Omicron variant of COVID-19 at large in the community, this was making customs clearance between Hong Kong and mainland China more uncertain, meaning that the Hong Kong retail industry was still having to rely mainly on local consump…
As a result of the Russian invasion of Ukraine and the resulting energy crisis, Austria experienced its highest inflation since the post-war period. The highest price increases were for essentials like electricity, heating and food, leading to a sharp ris…
Retail in Singapore continued to gain growth momentum in 2022 following its recovery from the pandemic in value sales terms the previous year. The removal of social restrictions on crowd sizes and nightlife resulted in consumers venturing outside of their…
In 2022, current value sales in retail, both offline and online, recorded solid growth. However, inflationary pressures were a key contributor to this strong value increase. Overall, increases in the cost of raw materials, shipping costs, labour wages and…
The UK retail environment experienced further current value sales growth in 2022, partly driven by inflationary pressures, which raised the prices of many consumer goods. The soaring inflation was aggravated by Russia’s invasion of Ukraine. Furthermore, i…