Speaking today at a virtual conference held by the World Retail
Congress, EuroCommerce Director-General Christian Verschueren set out
the challenges facing retail across Europe and the vital role of the
sector in supporting European economic recovery:
"Retail has been affected in different ways during the pandemic, but the
whole ecosystem will see major change resulting from it. We will see a
number of well-known retailers close their doors for ever, with fashion
retail particularly hard hit, and others cutting the number of shops and
staff they presently have. The pandemic also accelerated the trend
towards online sales, and consumers, now used to e-commerce, will use
this channel more in future. Private consumption makes up some 60% of
EU GDP, and if retail is in trouble, so will the rest of the economy be.
Equally, with help in speeding up its already active engagement with
digital innovation and sustainability, the retail and wholesale
ecosystem can be a powerful driver for getting Europe back on its feet
again".
Read more at:
Retail vital to European Recovery, but needs help - investments and the right policies — EUbusiness.com | EU news, business and politics
Showing posts with label Retail. Show all posts
Showing posts with label Retail. Show all posts
9/23/20
3/10/18
The Netherlands: One in every 10 retail purchases in the Netherlands is now made online
Web shops continue to grow in popularity, ringing up a record €22.5bn in sales in 2017, sector organisation Thuiswinkel reported on Friday morning. One in every 10 retail purchases is now made online,
Thuiswinkel said. Buyers in the Netherlands totted up more than 201 million online purchases last year and the total bill was up 13% on 2016. Holiday sales, centred around Black Friday and Single’s Day, contributed heavily to the total sales.
In 2017, 95% of Dutch consumers aged 15 and older made an online purchase of goods or services, the report revealed. ‘Web shops get a lot of attention during sales and holiday campaigns. That’s how we capture the first buyers for Sinterklaas.
On the downside, sales in these periods are at lower prices which pressure profit margins,’
Thuiswinkel.org’s Wijnand Jongen said. Jongen expects web shops will create more shop holiday occasions, ‘on Mother’s Day, for example, or around special school events.’ The last three months of the year with its many holidays now account for 33% of all online retail sales,’ he said. Health and beauty
Read more: One in every 10 retail purchases in the Netherlands is now made online - DutchNews.nl
Thuiswinkel said. Buyers in the Netherlands totted up more than 201 million online purchases last year and the total bill was up 13% on 2016. Holiday sales, centred around Black Friday and Single’s Day, contributed heavily to the total sales.
In 2017, 95% of Dutch consumers aged 15 and older made an online purchase of goods or services, the report revealed. ‘Web shops get a lot of attention during sales and holiday campaigns. That’s how we capture the first buyers for Sinterklaas.
On the downside, sales in these periods are at lower prices which pressure profit margins,’
Thuiswinkel.org’s Wijnand Jongen said. Jongen expects web shops will create more shop holiday occasions, ‘on Mother’s Day, for example, or around special school events.’ The last three months of the year with its many holidays now account for 33% of all online retail sales,’ he said. Health and beauty
Read more: One in every 10 retail purchases in the Netherlands is now made online - DutchNews.nl
4/20/17
The Netherlands: Ecommerce in the Netherlands was worth €20.16 billion in 2016
Last year, ecommerce in the Netherlands was worth 20.16 billion euros. This corresponds with an increase of 23 percent compared to the situation in 2015. The Dutch especially love to buy shoes and lifestyle products online, as well as IT and (near)food products.
These are the key findings from the Ecommerce Report The Netherlands 2017, published by EcommerceWiki, together with Dutch ecommerce association Thuiswinkel.org and research company GfK. The Netherlands remains an attractive online market. Despite its relative few inhabitants (17 million), the country has an internet penetration of almost 94 percent and a steadily increasing GDP per capita of 40.900 euros.
In the beginning of this year, consumer confidence has grown 14 points, which has resulted in an increase in consumer spending. Last year, the Dutch spent 20.16 billion euros online, of which 75 percent was spent on services such as travel and insurances. For 2017, a growth percentage of 20 percent is expected, which should result in the Dutch ecommerce market being worth over 24 billion euros.
Growth of ecommerce in the Netherlands
15.2 million shoppers spent on average €116 per transaction
A quarter of every euro spent online in the Netherlands, was spent on products. Media and entertainment products were bought the most in terms of transactions, followed by event tickets and fashion items. Last year, 15.2 million online shoppers spent on average 116 euros per transaction and spent a total amount of 1.242 euros online.
“However, the Ecommerce market in the Netherlands is not an easy one to enter”, Ecommerce Wiki writes. “Although Dutch are quite fluent in English, they still prefer to shop online in Dutch. Likewise, the local payment method Ideal (57 percent market share) is a must have to sell online in the Netherlands.”
There are currently over 32,000 online stores registered at the Chamber of Commerce, but the actual number of online stores in the Netherlands is estimated to be as high as 50,000 or more. Nonetheless, Dutch consumers also like to shop online across the border. Last year, a quarter of the Dutch (26 percent) bought cross-border at popular websites like Amazon and Zalando. For Dutch cross-border shoppers, China is currently the most popular country to shop abroad.
Read more: Ecommerce in the Netherlands was worth €20.16 billion in 2016
These are the key findings from the Ecommerce Report The Netherlands 2017, published by EcommerceWiki, together with Dutch ecommerce association Thuiswinkel.org and research company GfK. The Netherlands remains an attractive online market. Despite its relative few inhabitants (17 million), the country has an internet penetration of almost 94 percent and a steadily increasing GDP per capita of 40.900 euros.
In the beginning of this year, consumer confidence has grown 14 points, which has resulted in an increase in consumer spending. Last year, the Dutch spent 20.16 billion euros online, of which 75 percent was spent on services such as travel and insurances. For 2017, a growth percentage of 20 percent is expected, which should result in the Dutch ecommerce market being worth over 24 billion euros.
Growth of ecommerce in the Netherlands
15.2 million shoppers spent on average €116 per transaction
A quarter of every euro spent online in the Netherlands, was spent on products. Media and entertainment products were bought the most in terms of transactions, followed by event tickets and fashion items. Last year, 15.2 million online shoppers spent on average 116 euros per transaction and spent a total amount of 1.242 euros online.
“However, the Ecommerce market in the Netherlands is not an easy one to enter”, Ecommerce Wiki writes. “Although Dutch are quite fluent in English, they still prefer to shop online in Dutch. Likewise, the local payment method Ideal (57 percent market share) is a must have to sell online in the Netherlands.”
There are currently over 32,000 online stores registered at the Chamber of Commerce, but the actual number of online stores in the Netherlands is estimated to be as high as 50,000 or more. Nonetheless, Dutch consumers also like to shop online across the border. Last year, a quarter of the Dutch (26 percent) bought cross-border at popular websites like Amazon and Zalando. For Dutch cross-border shoppers, China is currently the most popular country to shop abroad.
Read more: Ecommerce in the Netherlands was worth €20.16 billion in 2016
4/14/14
Pharmaceutical Retail: Investor group pressures Walgreens to move HQ to Europe - by Peter Frost
Walgreen Co. is under pressure from a group of shareholders to move
its corporate headquarters to Europe to take advantage of tax benefits,
the Financial Times reported.
Shareholders owning about 5 percent of the company’s shares lobbied Deerfield-based Walgreen’s management to use its 45 percent ownership stake in Swiss-based Alliance Boots GmbH to change its legal base to Europe, the financial daily said.
Walgreen, the nation’s largest drugstore chain, plans to complete the takeover of Alliance Boots, which runs Europe’s largest pharmacy chain, in 2015.
Read more: Investor group pressures Walgreens to move HQ to Europe - chicagotribune.com
Shareholders owning about 5 percent of the company’s shares lobbied Deerfield-based Walgreen’s management to use its 45 percent ownership stake in Swiss-based Alliance Boots GmbH to change its legal base to Europe, the financial daily said.
Walgreen, the nation’s largest drugstore chain, plans to complete the takeover of Alliance Boots, which runs Europe’s largest pharmacy chain, in 2015.
Read more: Investor group pressures Walgreens to move HQ to Europe - chicagotribune.com
12/25/07
WSJ/EU-Digest: European Retailing: "Achtung Christmas Shoppers! - While US Christmas season sales fall - by Cecilie Rohwedder
For the complete report from the WSJ.com/EU-Digest click on this link
European Retailing: "Achtung Christmas Shoppers!- While US Christmas season sales fall-by Cecilie Rohwedder
In contrast to the U.S., where pre-Christmas price cuts play a key part in retailers' strategies -- and shoppers' buying plans -- holiday sales mark a small revolution in European retailing. For decades, European retailers could cut prices only during certain periods set by the government. The winter sales, usually in January, came too late for cash-strapped Christmas shoppers.
"Across Europe, decision-making responsibility is shifting from the state to the retailers," says Wolfgang Twardawa, an economist with the Society for Consumer Research in Nuremberg, Germany. But moves to change the rules for when and how people shop have come slowly and brought public soul-searching about life in a consumer society -- as well as stiff resistance from trade unions, churches, and small retailers who say increased flexibility hurts store workers and benefits only large chains. Note EU-Digest: "Meanwhile in the US Christmas season sales at U.S. stores fell for the fourth straight week as rising fuel and food prices threatened to hand retailers their worst holiday shopping season in five years. Spending fell 2.2 percent for the week through Dec. 22 from a year earlier, Chicago-based ShopperTrak RCT Corp. said in a statement today. Discounter Target Corp. said separately that sales at stores open at least a year may decline in December after customer visits slowed following the Thanksgiving holiday. A 7.6 percent increase on the Saturday before Christmas wasn't enough to lift retailers' revenue last week as shoppers grapple with $3-a-gallon gasoline and a deepening housing slump. This year's holiday shopping season may grow at the slowest pace since 2002 as stores struggle to recapture the gains they saw on the Friday after Thanksgiving".
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