Advertisement
According to a survey of 550 companies by the German Retail Association (HDE).), more than half of German retailers expect fewer customers and falling sales over the crucial Christmas period. “The prospects for Christmas business in this coronavirus year are worryingly poor, especially for many inner-city retailers and especially the fashion houses,” said HDE managing director Stefan Genth on Sunday.
The survey found, around 52% of companies expect significant losses in sales and customers after the extension of the country’s partial lockdown into December, with 62% of retailers surveyed pessimistic about the further course of Christmas business.
“For most retailers, November and December are normally the strongest months of the year in terms of sales. If these sales are now lost, many businesses will be in trouble.”
Advertisement
The survey found that 38% of the retail companies overall and 45% of inner-city retailers see their existence threatened.
HDE said, retailers selling household goods, DIY supplies, furnishings and food, however, are reporting satisfactory to very good business, while online sales are expected to rise by a third compared to the previous year.
Overall, the HDE retail association expects sales for November and December will rise by 1.2% this year to just about under Euro 104 billion.
Advertisement
- Previous article
- COVID-19 Worsens Children‘s Education Inequality
- Next article
- UK Government to ban Installation of Huawei’s 5G Network
Advertisement
OTHER NEWS
Walking: The Best Exercise
BY Irene
Most Loyal Dog in Bolivia
BY Scott
Ten Trends of Social Media
BY Clarence
How Many Times you can Shave Before a Steel Razors Become Dull
BY Jones
Local News’ Transition to Paid Content In the Context of Layoffs, Mergers and Bankruptcies III
BY Jessica
Can you get night vision by eating carrots?
BY Jessica
RECENT NEWS
-
PUBG Mobile Esports Generated 200 Million Hours of Viewing in 2020
-
Mario Kart Tour Races to $200M revenue and 200M Downloads
-
Game Acquisitions Expand Globally in Q1 2021 with 280 Deals Worth $39 Billion Surpassing That in 2020
-
Free Fire Shows Strong Momentum, with Its Revenue Overtaking PUBG Mobile in a Single Market for Q1 2021
-
The Games Fund Launched a $50 Million Early Investment Fund to Invest in American and European Companies
-
How to Download and Install Wyze App for Free?