Retail turnover increased by 11.3% in January compared to the same month of the previous year. The large growth is mainly due to the fact that a lockdown was still in place last year until January 15, 2022, which affected the non-food sector.
Higher prices also played a role, as total sales volume was only 0.4% higher. This was reported by the Central Bureau of Statistics (CBS) on the basis of new data. In the so-called non-food companies, the average turnover grew by 21.5 percent. The sales volume of these companies increased by 12%. All stores reported higher turnover last month than in January 2022. The turnover of clothing and shoe stores in particular grew strongly.
Power supply
Stores that sell food, beverages and tobacco saw a 7.3% increase in turnover in January compared to a year ago. Sales volume was 6% lower. Supermarket turnover increased by 7.9% and specialty stores increased by 3%.
Less online
Statistics Netherlands also reported that online turnover was 10.9% lower than in stores. Stores that sell both physically and online in particular have shown a significant drop in turnover. Revenue at those stores plummeted by 20.1%. Online stores that only sell online saw a 2.7% drop in turnover. The online revenue of grocery and pharmacy stores was higher in January this year than in January 2022. The revenue of the other sub-sectors was lower than in the previous year.
Source: BNR
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
