The COVID-19 health crisis, and the associated economic impacts, considerably shook up retailing in Portugal in 2020. The lengthy closures for non-essential retail outlets, restricted movement for consumers in Portugal, and a financial instability let to substantial declines in retail current value sales for many categories in 2020. Retailing...
Pre-pandemic, retailers had high hopes for 2020 as key economy indicators were promising and overall consumer confidence was high. However, the pandemic reached Hungary during late February and provoked a heavy strain on the industry, which was unprepared for such sudden and dramatic change. The lockdown, increased safety regulations, changes...
In response to the COVID-19 pandemic, retailing will see a slight current value decline in 2020 overall. However, considering the global scale and destructions of the pandemic, retailing in Slovenia has not been as severely impacted as other countries. Likewise, channels within retailing have performed differently based on the goods they offer,...
The COVID-19 pandemic had a major impact on Brazil’s retailing industry over the course of 2020, with most store-based channels experiencing sales declines and significant shifts seen in spending and demand patterns. The main factor influencing developments in the retailing industry during the year was the requirement for all non-essential...
COVID-19 has created great challenges for retailing in Singapore in 2020. The circuit breaker measures between April and May prompted the closure of non-essential retail businesses. Even in recovery, safe-distancing requirements limit the capacity in stores and shopping malls, and prudent economy reopening measures see a persistence of the...
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...
Like throughout the world, Taiwan’s retailing sector suffered a huge blow due to the impact of COVID-19 in 2020, which resulted in a major slowdown of economic activity due to social distancing measures. In response to the crisis, the government introduced a wide range of restrictions, causing a slowdown in economic activity, especially in...
The COVID-19 pandemic had an immediate and substantial impact on the German retailing landscape in 2020. Due to health considerations and government-imposed lockdowns affecting store-based retailing, consumer foodservice, entertainment and tourism, consumer purchasing behaviour and priorities quickly shifted. Retailing in Germany...
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...
France’s retailing industry experienced numerous major challenges during 2020 as the COVID-19 pandemic resulted in numerous fundamental changes to consumer behaviour. However, it should be noted that the difficulties faced across the industry during 2020 were not as severe as what was seen in travel and tourism and consumer foodservice, among...