Retailing

It was a poor trading year for retail in Slovakia in 2023. With inflation still being high, as well increasing interest rates leading to higher mortgage payments, consumers felt the pinch. As such, there was only marginal growth in current value…

Retail in Spain continued to be impacted by high inflation in 2023, with high energy and fuel prices putting pressure on operators and leading to rising prices for the consumer. The Spanish government tried to mitigate the increase in prices by…

Retail in 2023 presented a mixed landscape in Taiwan, marked by economic challenges as the country grappled with a recession in the first quarter. This downturn was primarily attributed to a decline in exports and subdued global demand for…

Thailand’s retail industry in 2023 continued to evolve and improve, responding to growing demand from consumers with convenience as a key driver. The wholesale and retail sectors, along with the vehicle maintenance and household goods sectors, have…

Retail in Vietnam struggled in 2023, facing pressures from inflation and a weakening export market, among other things. Local consumers cut back on spending which negatively impacted several retail categories, including appliances and electronics…

Small local grocers saw robust value sales in Hungary in 2023, driven by the rise of urbanisation, busy consumer lifestyles, and the convenience which small local grocers offer due to their proximity benefits. Whilst small local grocers have also…

Small local grocers accounts for a negligible share of overall value sales within grocery retailers. Like most other grocery retail channels, small local grocers saw exceptional current value growth in 2020 in the first year of the pandemic, as…

“Mama shops”, which are small local grocers in Singapore typically located within older and mature residential estates, used to be the cornerstone of grocery retailers in the local market. Such a traditional retail format used to thrive on the…

2023 was not a good year for small local grocers in Slovakia. With inflation still being high, consumers cut back on spending in such outlets, as prices tend to be higher than in other larger grocery retailers. As such, both constant and current…

Small local grocers saw only modest growth in current value terms in 2023 while the number of outlets continued to decline, following the pattern seen throughout the review period. During the first year of the pandemic, small local grocers benefited…