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JCB International and Nets to boost contactless acceptance in the Nordics
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JCB expands partnership with Nets Group to grow JCB Contactless acceptance in the Nordics
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COVID-19 significantly changes retail industry in Europe Xinhua | Updated: 2021-04-04 15:30 People wearing protective masks walk past a window display of a closed retail store in London, Britain, Dec 20, 2020. [Photo/Agencies]
FRANKFURT 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.
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.
COVID-19 significantly changes retail industry in Europe
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