Due to high inflation, German retail is expecting the biggest drop in sales this year since the global financial crisis of 2009. Adjusted for inflation (real), it is likely to fall by three percent, the German Retail Association (HDE) predicted in Berlin on Tuesday. It would be the second real decline in a row: in 2022 there was a minus of almost one percent. More than half of the retailers surveyed expect sales to fall slightly or even significantly in...
Status: 01/31/2023 12:08 p.m The German retail trade turned over less last year than in 2021. The industry association HDE is expecting bad business again this year. Consumers save primarily on groceries. In view of high inflation and sluggish consumption, German retailers are preparing for difficult business this year. Sales are likely to grow by two percent, the German Retail Association (HDE) predicts today. Price-adjusted (real), however, it should fall by three percent - and thus significantly more than in...
retail trade Online retail is also suffering from a slump in consumption A DHL employee scans a package for delivery. photo © Sebastian Gollnow/dpa Especially when it comes to fashion, electronics and leisure items, e-commerce retailers have recently felt the effects of people's reluctance to buy. The industry is nevertheless optimistic about the future. People in Germany also did less online last year. Last year, sales in e-commerce fell by around 5 percent to 101.7 billion euros, as reported by...
Most retail investors are still very interested in investing in digital assets. despite experiencing the worst bear market in crypto history.reportRecent survey by eToro More than two-thirds, or about 69% of retail investors, revealed that They have positive or mixed feelings about the impact of last year's prolonged downturn. The remaining one-third, about 31%, said they were more cautious about investing in the industry after the crisis. Ben Laidler, eToro's global market strategist, commented on the interest from retail investors:...
The Bavarian retail sector is expecting particularly strong sales of carnival items this year. After the many unusual events in the Corona years, there is a need to catch up, said Bernd Ohlmann, Managing Director of the Bavarian Trade Association, of the German Press Agency. Overall, he estimates the volume of carnival items for this year at around 40 million euros - especially in the carnival strongholds in Franconia.Ohlmann does not believe that the increased prices and concerns of the...
Status: 01/21/2023 4:30 p.m After the rather meager Christmas business, consumers are wooed with real and supposed bargains at the beginning of the year. In which sectors the discount battle is raging and where it's really worth it. The Christmas business is done - the result is mixed: A survey of 400 retail companies from all sectors by the German Retail Association (HDE) showed that only a quarter of the retailers surveyed are satisfied with the course of the all-important...
The government is working with large retailers on an "anti-inflation basket" made up of around 20 consumer products, according to The Parisian.Among the avenues being studied to cushion the effects of inflation, which returned in 2022 to levels not seen since the 1980s, "one of the possibilities is to have a basket of basic necessities of about twenty products, which the supermarkets would undertake to sell almost at cost price“, indicated the Ministry of Commerce, confirming information from Parisian ."The...
Status: 06.01.2023 11:28 a.m In 2022, Germany's retailers were able to increase their sales by 8.2 percent - more than ever before. But on closer inspection, things look a little different. One industry in particular loses. In the past year, the German retail trade achieved higher sales than ever before. The figures for December are still missing, but the Federal Statistical Office estimates that revenue in 2022 was 8.2 percent higher than in the old record year 2021. However, the...
Status: 12/22/2022 10:28 am According to the ifo Institute, the delivery situation in German retail has eased somewhat. However, there will still be "gaps on shelves". The consumer electronics industry is particularly affected by bottlenecks. The replenishment problems in the German retail trade eased somewhat in the high-sales Christmas business. In December, 62.2 percent of companies complained about delivery bottlenecks, according to a survey by the Munich ifo Institute. In November it was 71.1 percent. In addition, traders' pessimism regarding...
Advent has so far been rather disappointing for the retail trade. After business had picked up speed in the past few weeks, it was a little weaker again last week, the German Retail Association (HDE) said. Only a quarter of the traders surveyed were satisfied with the course so far. "The development of sales and customer frequency fell short of the expectations of many retailers," said HDE General Manager Stefan Genth. Many companies now pinned their hopes on the week...
