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Retail in Netherlands - Coronavirus (COVID-19) Country Impact

Retail in Netherlands - Coronavirus (COVID-19) Country Impact

Summary

The Coronavirus (COVID-19) country report analyses how the pandemic will impact retail spend in Netherlands.

Total retail sales in the Netherlands are forecast to decline by 2.9% in 2020, against the pre-COVID forecast of 2.8% growth, due to economic uncertainty and lower consumer confidence, despite favorable government initiatives to support businesses.

While demand for essentials is increasing rapidly as consumers are encouraged to stay at home, the future for other non-essential sectors remains bleak with consumers spending significantly less on these products

Scope

- The Netherlands is better placed to fight the impact of the pandemic with retail sales forecast to register strong growth of 5.6% in 2021, as life returns to normal and consumer spending recovers, partially offsetting the decline in 2020.
- Coronavirus to take ?€7.4bn from retail spend in 2020

Reasons to Buy

- Use our revised market forecasts out to 2024 to understand how the Netherland retail market will perform.
- Use our in-depth analysis to review how key retailers have responded to COVID-19.
- Use our data on key consumer shopping and lifestyle habits to see how the population have responded to the impact of COVID-19.
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Retail in Netherlands - Coronavirus (COVID-19) Country Impact
Published By :GlobalData
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