Serbian Grocery Retail Chains See 61% Growth in Sales
Large-scale retail chains in Serbia saw an average 61% increase in consumer goods sales during the third week of March compared to the same period in 2019, as a result of increased purchasing due to COVID-19.
In the fourth week of March alone, there was a 43% increase in sales, according to Nielsen data, reported by eKapija.
Modern retail chains recorded sales growth of more than 700% in some product categories, the data showed.
Shelf-stable groceries recorded annual sales growth of 101% in the third week and 84.8% in the fourth week of March; healthcare products rose by 96.4% and 89.1% respecitvely; household products rose by 96% and 66.3% respectively; and baby products rose by 80.9% and 54.5% respectively.
Other products to see significant gains included frozen products (+67.5% and +62.3% respectively); fresh food (+41.5% and +42.2% respectively); pet food (+39.4% and +36.6% respectively); alcoholic and non-alcoholic beverages (+37.5% and +12% respectively); and confectionery and snacks (+28.8 and +9.3% respectively).
ESM
Related news
The free trade agreement between China and Serbia entered into force
The free trade agreement between China and Serbia entered into…
Read more >Germany’s Mix Markt arrives in Serbia
German food chain Mix Markt, which specialises in Eastern European…
Read more >Nestlé invests CHF 80m in plant-based food plant in Serbia
Swiss food giant Nestlé has invested CHF 80m in the…
Read more >Related news
Estée Lauder completes $1.7b acquisition of DECIEM
The Estée Lauder Companies Inc. has finalised its acquisition of…
Read more >Żabka plans to conquer urban Romania
Żabka’s Romanian offshoot, Froo, is targeting two hundred new stores…
Read more >Lidl wins through its ‘breadification’ strategy in the UK
British supermarkets are being criticised for allegedly misleading marketing in…
Read more >