In 2021, the large retail chains in Romania recorded a cumulative turnover almost 20% higher than the corresponding one for 2019, a 60% increase above the consumption growth rate pertaining to the last two years (12.5%), and over the total inflation, shows a Cushman & Wakefield Echinox report.
Thus, retailers registered a cumulative turnover of 27.5 billion euros in 2021, compared with 22.9 billion euros in 2019 and with 24.8 billion euros in 2020.
The turnover increase reported by the large retailers was sustained both through expansions and also organically, as a result of the consumption recovery in 2021, a recovery which was felt in physical stores and also in terms of the online sales growth.
Out of the analyzed categories, only the shoes store operators have reported a decrease in turnover in 2021 compared with 2019, as all the other retail segments recorded growth rates between 8.4% and 39.7%, all over the corresponding inflation rate for the period.
The largest turnover increases were registered by Electro – IT retailers (39.7%), DIY (26.4%), Specialized Stores (pet shops, newspapers, tobacco sales points, pharmacies, etc) (22.9%), Sports (19%) and FMCG (18.1%).
The study analyzed the turnover evolution of 110 retail companies operating in 12 different retail market segments, namely FMCG, Fashion, DIY, Sports, Footwear, Kids and Toys, Jewelry, Home & Deco, Food and Beverages, Cosmetics, Electro-IT, Specialized Stores.
Together, the 110 retailers in question had more than 6.000 stores, located mainly in shopping centers, retail parks, and commercial galleries.
