Clothes and shoes won the retail bet

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By George Lampiris

The largest annual change in the volume index in retail trade in September 2021 compared to the corresponding month of 2020 is presented by clothing and footwear stores, as shown by data from the Hellenic Statistical Authority. Specifically, the index in the clothing and footwear sector increased by 26.5% from September to September, followed by furniture, electrical goods and home equipment stores by 20%.

Which industries defined the image of the retail market

Examining the overall picture of the General Turnover Index in September 2021, compared to the corresponding index of September 2020, it moved upwards by 13.0% and compared to the corresponding index of August 2021 an increase of 1.1%. More specifically, the increase in the turnover index by 13% from last year to September this year came mainly from the increase by 26.1% in clothing and footwear, by 19.7% in fuel and car lubricants, by 18% in books and stationery, by 17.2% in pharmaceuticals and cosmetics and by 6.5% in large grocery stores.

Ongoing upward trend for food

The interesting thing is that the food stores continue to show an upward trend with an increase of the retail trade volume index from September last year to this year, by 5.6% and the big food stores by 3.6%. We point out this dimension, taking into account the fact that 2020 was a year with strong consumer traffic in grocery stores, due to the extraordinary conditions brought to the market by the pandemic.

However, if one looks at the picture of September this year and that of August, one will notice that most of the categories moved downwards at the level of volume indicators. Specifically, the footwear industry presents again the largest – negative this time – change with a percentage reduction of the volume index by -21.9% in September compared to August 2021, which is largely due to the passing of the tourist period in Greece. The decrease received by the department stores was also strong as in September the volume index was reduced by -20.2% compared to August.

However, books and stationery increased by 18.7% as well as furniture, electrical items and household equipment products by 13.6%.

The compilation of the index includes 38,444 companies, with an annual turnover (in 2015) equal to or greater than 140,000 euros, from which a representative sample of 1,674 companies was selected and researched throughout Greece.

In addition, the General Volume Index, which is the turnover at constant prices, in September 2021, compared to the corresponding index of September 2020, increased by 10.1% and compared to the corresponding index of August 2021 decreased by 3.1%.

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Source From: Capital

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