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Coronavirus Impacts Revenues of Montenegro-Based Retailers

Published on Apr 23 2021 1:58 PM in Retail tagged: Trending Posts / Mercator / Montenegro / Idea / Voli / Aroma Market / Conto / Paywall / Domaća Trgovina / HDL / Hard Diskont Lakovic

Coronavirus Impacts Revenues of Montenegro-Based Retailers

The 2020 financial performance of the four largest grocery retailers in Montenegro have been negatively impacted by the COVID-19 pandemic, new data has shown.

According to data from Montenegro’s Internal Revenue Service, and reported by Investitor.me, the four chains, which account for almost half of retail market, achieved overall revenues of €512.9 million, or 12.26% less than a year earlier.

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