GKI: international trade chains are constantly gaining weight

By: Trademagazin editor Date: 2021. 06. 23. 11:45

Eleven retail chains in Hungary achieved 7.3 percent more gross turnover of 5,306 billion HUF in 2020, which is 96 percent more than in 2007, ie the market has almost doubled, the latest analysis of GKI Economic Research points out.

According to a statement sent to MTI on Wednesday, meanwhile, there have been significant changes in the structure of this market: partly by setting up new stores and partly by sniffing out the customers of other retail chains and individual retailers. Between 2010 and 2020, Lidl’s store network expanded by 51, Aldi’s by 74 and Penny Market’s by 40 stores, and their turnover increased 3.7, 6.7 and 2.3 times, respectively. By 2020, Lidl has become the largest retail chain in Hungary. (MTI)