In 2021, as society opened, and COVID-19 infections fell, consumers began spending again and updating their wardrobes, as they socialised again. As a result, current value sales in retailing grew after a decline in the previous year. The Georgian economy is quite dependent on the money spent by foreign visitors, which had been absent during...
From January until April 2021, COVID-19 related restrictions remained in place. Retail outlets were mandated by the government to close, except for grocery retailers, drugstores, pharmacies, forecourt retailers and pet shops and superstores. Retailing in Slovakia report offers insight into key trends and developments driving the industry....
Retailing in Myanmar has been negatively impacted by the ongoing political crisis and the COVID-19 pandemic. Compared to 2020, new retail outlet openings slowed down significantly across the country in 2021 while some outlets closed down altogether as they were unable to cope with decreasing revenues and increasing expenses (such as rent)....
2021 proved to be another challenging year for retailing in Ireland. At the very end of December 2020, the Irish government announced strict lockdown measures in the country, including the closure of non-essential retail. In addition, citizens were required to stay at home except for essential reasons and not to travel further than 5km from...
The COVID-19 vaccination programme accelerated in 2021 and there was also some loosening of movement restrictions in the first half of the year. However, the emergence of the delta variant and many people violating the lockdown imposed for the Eid holiday period led to skyrocketing case numbers for around two months in July and August. From...
In 2020, as the COVID-19 pandemic swept across the world, the US retailing landscape was fundamentally transformed. Mandates implemented in many US states and municipalities at the onset of the pandemic that forced retailers deemed “non-essential” to temporarily shutter stores proved relatively short-lived, with almost all bricks-and-mortar...
China’s demand for Retail has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption and...
In 2021 retailing sales in general have started to recover from the COVID-19 pandemic. As restrictions come to an end and consumers return to work, the economy is showing signs of recovery that will benefit private consumption and consumer confidence. A much more positive performance in retailing is thus expected over the forecast period. Retailing...
Having declined sharply during 2020 due to a combination of COVID-19 restrictions and the economic shock of the pandemic, retailing constant value sales (2021 prices) rebounded strongly in 2021, exceeding their pre-pandemic peak, as pandemic restrictions were eased and the economic environment stabilised. This rebound was particularly notable...
COVID-19 and the resultant immediate adjustments to retailers’ daily operations remained the key driver of most changes in retailing in Hungary at the end of the review period. In 2020, retailers learned how to adapt quickly to sudden changes, such as new regulations on opening hours, lockdowns, and inventory management during stockpiling...