POST Online Media Lite Edition



 

Sales of retailers in Germany remain above pre-crisis level in August

Christian Fernsby |
Nominal sales in Germany's retail sector in August increased by 5.2 percent compared to the previous year, the Federal Statistical Office (Destatis) announced.

Topics: GERMANY   

Compared to February, the month before the coronavirus outbreak in Germany, sales of retailers were 5.8 percent higher, according to Destatis. In July, overall retail sales had already recovered from the coronavirus shock.

Internet and mail order businesses in Germany generated the largest year-on-year growth with nominal sales increasing by 24.4 percent in August, according to Destatis.

Following a slump in the first quarter, online retail in Germany already returned to its "usual growth" for the entire first half of 2020, revealed a study published by the German E-Commerce and Distance Selling Trade Association (bevh) in July.

In the first half of the year, revenues of online retailers in Germany increased by 9.2 percent year-on-year to 36.7 billion euros, according to bevh.

Sales of textiles, clothing, shoes and leather goods in August, however, had "not yet returned to the previous year's levels" and dropped by 9 percent year-on-year, Destatis noted.

"The situation in particular for many clothing retailers in the city centers remains critical," said Stefan Genth, managing director of the German Retail Federation (HDE) in a statement last week.

For 2020, HDE is forecasting a 1.5-percent increase in retail sales compared to the previous year.


What to read next

Eurozone retail sector ends 2017 on solid footing
German retailers see strong sales growth in December
Luxembourg has highest level of GDP per capita