Hypermarkets Spirits Small Shops Away
The number of small Hungarian settlements without any retail stores doubled in the four years prior to 2007.
According to specialist there is a
strong concentration on the food retail market, last year the number
of shops fell by 3,200.
At the end of 2007 there were 162,500
stores operating throughout the country, while the number of
retailers declines, the country's total area of retail floor space
continues to grow. Between 2003 and 2007, the number of shops dropped
by an average of 0.4%, while floor space increased by 2.3%. Last
year, the retail area grew by a total of 363,000 square meters, to
18.1 million sqm.
Related news
Related news
GKI: Deteriorating confidence indices and economic outlook in Hungary
In November, both businesses and consumers became more pessimistic about…
Read more >Arabica coffee price hits 47-year high
The futures price of arabica coffee has reached a 47-year…
Read more >Magyar Posta is preparing for the increased holiday traffic with 130 new vehicles
Magyar Posta expects to deliver more than 7 million packages…
Read more >