German retail sales seen up 1.5% in 2021 – HDE By Reuters

© Reuters. FILE PHOTO: Customers shop in Norbert Kremsreiter’s fashion store, which originally sells clothes and food, and recently toilet paper and other toiletries as the spread of the coronavirus disease (COVID-19) continues in Freyung, Germany, March 29, 2021. R

BERLIN (Reuters) – German retailers are expected to increase their revenues by 1.5% year-on-year in 2021, assuming no further coronavirus lockdowns hitting consumers’ appetite and shutting shops, industry association HDE said on Wednesday.

Online sales, boosted by COVID-19 restrictions last year, are expected to rise by around 20% this year to just over 87 billion euros ($103 billion), HDE said, up from the forecast of 17%.

HDE said three quarters of retail companies in Germany reported lower revenue in the first half of the year as a measures to curb coronavirus infections non-essential closed shops in the first four months of 2021.

“The crisis is not over yet, the situation is still very difficult for many retailers,” said HDE Managing Director Stefan Genth.

($1 = 0.8481 euros)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button