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 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...
Overall, retailing maintained a positive performance in Romania during the COVID-19 pandemic. This was primarily due to the fact that grocery retailers account for the greatest proportion of retailing sales and remained open throughout the pandemic regardless of location unless they chose to close voluntarily for reasons such as diminished...
There was no strict lockdown imposed by authorities in Denmark in 2020 during the COVID-19 crisis, but department stores and shopping centres were required to close their doors from the 18 March until 11 May, as these represent large indoor spaces where the COVID-19 could easily spread. Retailing in Denmark report offers insight into...
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,...
Philippines’ quarantine period started in March 2020 and lasted for several months after, making it one of the longest lockdowns globally. During this time, only essential retailers such as grocery retailers and drugstores/parapharmacies for example were allowed to remain open, although with shortened operating hours. The government also implemented...
Due to the COVID-19 pandemic, 2020 was a year of extremes – both in growth and contraction. Regarding store-based retailing, non-grocery specialists saw the largest contraction in value sales. Department stores fared the worst, due to such formats being enclosed spaces which attract a high number of customers, thus consumers avoided such spaces...
After seeing double-digit current value growth for most of the review period, in 2020 retailing in India turned to decline. The arrival of COVID-19 in the country in the first part of the year led to the imposition of strict lockdown measures. During the nationwide lockdown, the government ordered a shutdown of all non-essential stores, which...
Due to the Coronavirus (COVID-19) pandemic, China experienced an unprecedented halt in economic activity in January and February 2020. The government imposed a series of measures to limit the spread of the virus, including store closures and restrictions on public movement, with most of the country under lockdown. Chinese retailing recorded...
The sharp reduction in consumption occasions in away-from-home channels has completely changed the operating landscape for hot drinks. Channel shifts, accelerated by the COVID-19 pandemic, have required significant and strategic business changes to adapt to new consumer demands. This report explores the state of play in the global hot drinks...