The COVID-19 pandemic first arrived in Mexico in February 2020, resulting in the government attempting to curb the spread of the disease through a lockdown and subsequently all non-essential businesses were closed in April and May, which had a large negative impact on retail in the country. Retailing in Mexico report offers insight...
Due to the Coronavirus (COVID-19) pandemic, China experienced an unprecedented halt in economic activity in January and February 2020. The government imposed a series of measures to limit the spread of the virus, including store closures and restrictions on public movement, with most of the country under lockdown. Chinese retailing recorded...
The COVID-19 pandemic had a major impact on the Thai retailing market, with almost all channels seeing sales fall in 2020, particularly in the second quarter of the year during which the government imposed a lockdown over March-May. Store-based non-grocery retailing channels were amongst those hit hardest by the pandemic and measures imposed...
After several years of slow, stable growth for retailing, current value decline was seen in 2020, with COVID-19 being the main factor driving the fall in sales. However, there were significant differences in performances between channels, ranging from significant growth to exceptional decline. With the emergence of COVID-19 in the country...
Despite the many devastations caused as a result of the COVID-19 pandemic, retailing has shown remarkable resilience. Whilst statistics report a double-digit decline in GPD and tourism to decrease by almost one half compared with 2019, the current value decline witnessed in retailing has not been as drastic as it has had the potential to be. Retailing...
The COVID-19 pandemic has had multiple impacts on retailing in Peru. The sharp contraction of the economy as a result of the crisis has made consumers more cautious, prioritizing essential goods and limiting expenditure on non-essential products. As whole, the retailing industry saw a sharp contraction as a result of this, with government...
The COVID-19 pandemic had an immediate and substantial impact on the retailing landscape in Switzerland in 2020. Due to health considerations and government-imposed lockdowns affecting store-based retailing, consumer foodservice, entertainment and inbound tourism, consumer purchasing behaviour and priorities quickly shifted while overall sales...
The impact of COVID-19 has been less severe in Sweden compared to many other markets, with this being largely due to the government’s decision not to introduce a lockdown. Instead, the country’s strategy has to a large extent been built on voluntary quarantining and social distancing, with virtually all shops remaining open during 2020. Retailing...
Store-based retailing was heavily affected by the Coronavirus (COVID-19) pandemic, driven by strong double-digits declines in current value sales of a number of non-grocery specialists. These retailers were considered non-essential and remained closed during mandated quarantine closures. The performance of grocery retailers, and non-grocery...
After a number of years of good value growth, retailing recorded a modest overall value decline during the Coronavirus (COVID-19) pandemic in 2020. The health crisis led to soaring unemployment rates in the country, with many businesses closing and a consequent steep reduction in consumer confidence and disposable incomes. Many Russians were...