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...
The COVID-19 health crisis, and the associated economic impacts, considerably shook up retailing in Portugal in 2020. The lengthy closures for non-essential retail outlets, restricted movement for consumers in Portugal, and a financial instability let to substantial declines in retail current value sales for many categories in 2020. Retailing...
Non-grocery retail outlets saw a significantly decline in retail current value sales during 2020. Unlike grocery retail outlets, they were forced to close for an extended period during the spring lockdown. They were also more exposed to the economic shock of COVID-19, which led many consumers to reduce their discretionary spending. Unsurprisingly,...
Pre-pandemic, retailers had high hopes for 2020 as key economy indicators were promising and overall consumer confidence was high. However, the pandemic reached Hungary during late February and provoked a heavy strain on the industry, which was unprepared for such sudden and dramatic change. The lockdown, increased safety regulations, changes...
The COVID-19 crisis has had a significant, though varied, impact across retailing in the Colombian market. Grocery retailing has been amongst the most positively affected areas of the market, seeing an increase in sales at the beginning of lockdown as consumers began to stock up on essentials and shifted from away-from-home consumption to...
In response to the COVID-19 pandemic, retailing will be negatively impacted overall as current value sales decline in 2020 overall. However, different channels within retailing have responded differently to the pandemic based on what they sell and how affected they have been by the COVID-19 restrictions. For example, modern grocery retailers...
COVID-19 has created great challenges for retailing in Singapore in 2020. The circuit breaker measures between April and May prompted the closure of non-essential retail businesses. Even in recovery, safe-distancing requirements limit the capacity in stores and shopping malls, and prudent economy reopening measures see a persistence of the...
In response to the COVID-19 pandemic, retailing will see a slight current value decline in 2020 overall. However, considering the global scale and destructions of the pandemic, retailing in Slovenia has not been as severely impacted as other countries. Likewise, channels within retailing have performed differently based on the goods they offer,...
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...
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...