The large retail chains registered a cumulative turnover almost 20% higher in 2021 compared to the pre-pandemic year 2019, by 60pct above the consumption growth rate of the last two years (12.5%), and above the cumulative inflation from 2020-2021, of 7.8%, the results of the „Romania Retail Snapshot” study, carried out by Cushman & Wakefield Echinox informed, according to Agerpres.
According to the quoted source, the increase in the turnover of large retailers has been supported both by the opening of new stores, but also by the return of consumption in 2021, which was also felt in physical stores, despite the restrictions imposed by the pandemic, but also in the growth rate of online sales.
Out of the analyzed categories, only footwear store operators recorded a decrease in turnover in 2021 compared to 2019, while all other areas recorded increases between 8.4pct and 39.7pct, higher than the inflation rate.
The biggest increases in turnover were recorded for retailers selling Electro – IT products (39.7pct), DIY – Do-It-Yourself (26.4pct), specialized stores (petshops, pharmacies, newspapers shops, tobacco, etc.) – 22.9pct, sporting goods (19pct) and consumer goods – FMCG (18.1pct).
The relevant study analyzed the development of the turnover for 110 retail companies from 12 different areas, namely FMCG, fashion, DIY, sporting goods, footwear, children’s goods, jewelry, home & deco, restaurants and cafes, cosmetics, electro- IT, specialized stores.
The companies included in the research reported, in 2021, a cumulative turnover of 27.5 billion EUR, compared to 22.9 billion EUR in 2019, 24.8 billion EUR in 2020, respectively.
Agerpres
