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....
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...
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...
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...
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...
Broadly speaking, the country’s economy emerged from the pandemic in a far better condition than anticipated. Most consumers have not experienced significant financial problems and the country’s GDP rebounded quickly in 2021. Retailing in Estonia report offers insight into key trends and developments driving the industry. The report...
In 2021 retailing in Sri Lanka returned to positive growth after two years of decline. The bombing of April 2019 and general uncertainty linked to the elections followed by the onset of the pandemic in 2020 and government measures imposed to control its spread created an unstable environment and a reduction in consumer confidence and spending...
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...
The pandemic had a significant impact on retailing in Israel, with essential grocery retailers, especially discounters and traditional grocery retailers, and health-related channels such as drugstores/parapharmacies witnessing dynamic growth in 2020, as Israelis stocked up on supplies for home consumption during the various lockdowns. Retailing...