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...
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...
With the economy opening up in 2021 after the upheaval caused by the pandemic in 2020, retailing registered an increase in current value sales. However, its constant value growth was less, as inflation hit volume sales. Retailing in Uruguay report offers insight into key trends and developments driving the industry. The report examines...
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,...
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 a challenging and complicated year, retailing in Peru began to recover in 2021, as sales grew in relation to 2020. This was despite the fact that the pandemic had not yet been completely overcome. Moreover, while the vaccination campaign was progressing, over half the population had still not been fully vaccinated by mid-October 2021. Retailing...
Canadian retailing was forced to adapt quickly to the fast-changing realities imposed by Coronavirus (COVID-19) during 2020 and 2021. The major shift from brick-and-mortar to e-commerce retailing continued during early 2021, as many consumers did not feel safe visiting physical stores. In addition, consumers had become accustomed to the convenience...
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....
Store-based retailing saw an impressive recovery in 2021 with this correlating with the strong GDP growth seen from the second quarter onwards. The Czech Republic saw life gradually return to normal from spring 2021 with there being no more lockdowns, while the roll out of the country’s vaccination programme in summer 2021 helped to rebuild...
Taiwan’s retail industry faced abrupt changes when an outbreak of COVID-19 upended consumers’ everyday lives in mid-May 2021 and restrictions were imposed by the government. Retail sales across channels saw completely contrasting performances. Consumers reprioritised what was essential and switched to e-commerce more than ever before. Retailing...