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...
Retailing in 2021: The big picture Retailing in Paraguay report offers insight into key trends and developments driving the industry. The report examines all retail channels to provide sector insight. Channels include hypermarkets, supermarkets, discounters, convenience stores, mixed retailers, health and beauty retailers, clothing...
Iraq’s retailing industry faced stiff challenges in 2020 and 2021 as the COVID-19 pandemic discouraged consumers from shopping in crowded stores. With incomes under pressure, many were also reluctant to spend money unless strictly necessary and this also undermined the ability of retailers to generate income. Retailing in Iraq report...
Retailing grew steadily in 2021 as the pandemic receded in the second half of the year and lifestyles slowly normalised. However, Laos’ retailing industry remains underdeveloped, with informal retailing dominant especially given the recent drop in disposable incomes, which also stimulated cross-border shopping. Traditional retailers dominate...
After the slowdown in 2020, value sales in retailing in Kazakhstan returned to double-digit growth in 2021. This was facilitated by the easing of COVID-19 restrictions, including the removal of the quarantine, which allowed people to freely visit and make purchases in both grocery and non-grocery channels. Grocery retailers are showing strong...
While retailing registered an increase in current value sales in 2021, constant value sales actually fell. The pandemic continued to dampen value sales in 2021 for several reasons. Firstly, consumers were price sensitive, as the economic fallout of the pandemic affected consumer purchasing power. In addition, there was still restrictions in...
The pandemic continued to shape purchasing behaviour among Bolivians in 2021. The impact of the crisis on the economy has been harsh; the year began in recession with GDP shrinking by an estimated -8% y-o-y. This has seen consumer price sensitivity sharpen, the adoption of more cautious buying behaviour, and a widespread search for lower prices,...
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 exhibited a double-digit decline in retail constant value sales (2021 prices) during 2020, retailing recovered only marginally in 2021. Non-grocery specialists were particularly hard hit by the pandemic during 2020, with their retail constant value sales plunging by a quarter, as they were regarded as ‘non-essential’ and forced to close...
Retailing in Ghana slowly recovered in 2021. The restrictions imposed by the government at the height of the pandemic led to sales losses but upon the arrival of vaccines and rapid vaccination rate in 2021, the government permitted retail operations to resume. This led to improved sales performances for retailers. A huge demand emerged for...