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...
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...
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...
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...
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...
After a major slowdown in value growth in 2020 when major retailers (particularly those operating within large shopping malls) were disrupted, growth accelerated in 2021 to record double-digit value growth. There were no significant lockdowns in this year and, with COVID-19 having less impact on the country, economic conditions improved, leading...
The pandemic continued to have a strong impact on sales in 2021, leading to continued current value growth albeit at a slower rate than in the first year of the pandemic. This is largely due to the travel and mobility restrictions which meant that consumers working from home were able to save money and indulge themselves through purchases...
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....
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...