Turnover and volume of retail
No Data Found
Lower turnover in food and luxury goods
In the third quarter, turnover in food and luxury goods stores fell by 1.4 percent compared to a year earlier. Supermarkets achieved lower turnover (-2.6 percent), while specialty stores – such as cheese shops and butchers – had higher turnover (7.7 percent). For supermarkets, the quantity of products sold also decreased (by 5.8 percent) compared to a year earlier. For specialty stores, the sales volume actually increased, by 3.1 percent. The figures have been corrected for calendar effects.
Increase in turnover in non-food stores
Non-food stores saw their turnover increase by 4.3 percent compared to the third quarter of 2023. More goods were also sold (4.8 percent). Shoe and leather goods stores and drugstores in particular saw their turnover increase. Stores selling other household goods – such as furniture and lighting – saw their turnover drop (-6.8 percent) compared to a year earlier.
Increase in online turnover
In the third quarter of 2024, retailers’ online turnover increased by almost 9 percent compared to the same period a year earlier. Stores that only sell online saw their turnover grow by almost 12 percent in the third quarter. Multichannelers, retailers that sell their products both online and in a physical store, also saw their online turnover increase: by 4.7 percent.
110 bankruptcies
In the third quarter, 110 companies in the retail sector were declared bankrupt. This is an increase of 47 percent compared to the same period a year earlier, when 75 bankruptcies were declared. The number of bankruptcies increased more among retailers than among all companies. For the economy as a whole, 33 percent more companies went bankrupt than in the same period a year earlier. Of all bankruptcies declared in the third quarter, 10 percent were in the retail sector.
Bankruptcies in retail
No Data Found
Neutral expectations about economic climate in fourth quarter
At the start of the fourth quarter of 2024, about the same number of retailers were negative and positive about the economic climate in the coming three months. On balance, 0.3 percent of entrepreneurs expected an improvement. Retailers were therefore more positive than average. On balance, -1.9 percent of all entrepreneurs in the Netherlands are negative about the economic climate in the coming three months.
Almost 40 percent of retailers expect higher turnover in 2025
Almost 40 percent expect to turn over more next year, almost 56 percent expect turnover to remain the same and 5 percent expect to turn over less. On balance, more than 3 percent expect to expand their workforce in the coming year. Retailers are less positive about investments. On balance, almost 7 percent expect to invest less in 2025.
Source: CBS
