Retail sales increased, but clothing stores and shoe stores were hit hard in the fourth quarter

Despite the coronavirus crisis, Dutch retail sales increased by nearly 6% annually, according to new figures from the national statistic agency CBS.

This means that retail sales have increased for the seventh consecutive year, CBS said.

However, there are significant differences depending on the type of retail. In addition, shoe and clothing store sales fell 27% year-on-year during the last three months of the year, when some non-essential stores were closed.

In contrast, Internet shopping surged 55% in the previous quarter, CBS figures show.

The overall increase is due to grocery stores, where sales increased by nearly 7% in the fourth quarter of 2020. However, as people spent time and money improving their homes, DIY stores with nearly 17% increase in sales recorded the best performance.

Despite problems in the non-food sector, relatively few stores went bankrupt in the last three months of the year, according to CBS.

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Retail sales increased, but clothing stores and shoe stores were hit hard in the fourth quarter

Source link Retail sales increased, but clothing stores and shoe stores were hit hard in the fourth quarter