Sales via retailing suffered during 2020 as large-scale social restrictions (PSBB) and decreased consumer power affected major retailing channels. There were two rounds of lockdowns issued in Indonesia: one beginning towards the end of Q1, the second commencing towards the end of Q3. The temporary lockdowns required the closure of all malls,...
From 16 March, in order to fight the spread of the pandemic, retail outlets were mandated by the government to close, with the exception of grocery retailers, drugstores, pharmacies, forecourt retailers and pet shops and superstores. Wearing a face mask was mandatory for all customers and employees. All foodservice outlets were obliged to...
The US retailing industry has seen significant shifts in recent years, as the inexorable advance of e-commerce has changed the way consumers shop for products of all kinds. Even so, nothing in the modern evolution of the industry compares with the disruption precipitated by the coronavirus (COVID-19) pandemic. Retailing in USA report...
Relative to the rest of Western Europe – including its geographical neighbour the UK – Ireland has experienced a less significant economic impact from the COVID-19 pandemic. At the beginning of Q4 2020, OECD projections stated the country could experience a decline of 6.8% in GDP for the entire year. However, the contraction may be as high...
Lockdown measures, which led to a reduction in opening hours, and the negative effect of the pandemic on economic activity led to a decline in retail current value sales in Cameroon during 2020, as many consumers reined in their discretionary spending. Retailing in Cameroon report offers insight into key trends and developments driving...
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...
COVID-19 created significant challenges for retailing in New Zealand in 2020. The alert level four lockdown between April and May halted in-store trading for non-essential retail businesses, leading to long term changes as consumers started purchasing online and retailers worked on building digital capabilities. Retailing in New Zealand...
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...