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COVID-19 significantly changes retail industry in Europe--China Economic Net

The COVID-19 pandemic has forced cash-loving Europeans to embrace significant changes in their shopping behaviors. It is believed that booming online business and less cash payment will keep on going even in the post-pandemic era.   In February, adjusted retail turnover in Germany declined by 9 percent in real terms from a year earlier, following the second COVID-19 lockdown, which caused a large number of shops to close, Federal Statistical Office said on Thursday.   However, the data from this office also showed that the internet and mail order business clearly benefited from the store closure, with sales in February increasing by more than 34 percent year on year in real terms.

German retail turnover in Feb drops by 7 7 pct year-on-year - World News

2021-04-01 13:36:08 GMT2021-04-01 21:36:08(Beijing Time) Xinhua English BERLIN, April 1 (Xinhua) Retail companies in Germany saw turnover rise 1.3 percent in February 2021 compared with the previous month, according to provisional data published by the Federal Statistical Office (Destatis) on Thursday. However, compared with February last year, the month before the first COVID-19 case was detected in Germany, turnover in retail in February 2021 was still down 7.7 percent. According to Destatis, the country s various retail sectors performed very differently , largely depending on whether and how they were affected by the pandemic response measures. Compared to last year, retail trade in textiles, clothing, footwear and leather goods as well as retail turnover of department stores and warehouses plummeted in real terms by 73.7 percent and 42.1 percent respectively.

Germany keeps lockdown in place even as the government receives intense criticism from business organizations

Germany keeps lockdown in place even as the government receives intense criticism from business organizations
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