Conscious home stores did not save on improvements
According to KSH data, in 2020 the volume of domestic retail sales decreased by 0.3% compared to a year earlier, so the coronavirus outbreak and the accompanying restrictions broke an expansion process that has been going on since 2013. However, when we consider that GDP fell by 5.1% over the same period, the retail sector has proved to be particularly crisis-proof, where technological developments have not been overshadowed. This is evidenced by the fact that laurel group, the market leader in commercial IT, was able to increase its net sales by 22% in one year.
Related news
KSH: The sales prices of the food industry rose by 0.9 percent
In September, industrial producer prices were on average 0.9 percent…
Read more >KSH: in August, the product foreign trade surplus was 443 million euros
In August, the volume of exports decreased by 5.6 percent…
Read more >The destruction of wildlife can have serious economic consequences
The need to protect the living world is extremely important,…
Read more >Related news
Extraordinary consumer protection inspections are being launched at food courier companies
The Ministry of National Economy, which is responsible for consumer…
Read more >Omnichannel Scale 2024: How can Hungarian retailers remain competitive?
The Omnichannel Scale 2024 study gives a comprehensive overview of…
Read more >Hungarian AI software rewrites the international business world in hospitality
AI-powered Everguest Intelligence offers a complete solution for the everyday…
Read more >