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Retail Sales Soared In The Netherlands In Third Quarter: CBS

Published on Nov 4 2020 8:19 AM in Retail tagged: Trending Posts / Retail / Netherlands / CBS / World News

Retail Sales Soared In The Netherlands In Third Quarter: CBS

Retail sales rose by 9.2% in the third quarter of the year in the Netherlands, new data from the Centraal Bureau voor de Statistiek (CBS) has shown.

The quarterly rise is the highest since the data was first published in 2015, the statistics body said.

Retail sales volume increased by 7.3%, while internet sales rose by 40% compared to the same quarter the previous year, slightly less than in the second quarter (+55%).

Supermarkets saw turnover increase by 6.0%, with specialty stores, including butchers, greengrocers and liquor stores, seeing a 9.2% increase in the period.

Revenue Boost

The largest revenue growth in the period was seen among retailers that sell DIY products (+18.7%) as well as furniture of home furnishings (+17.2%), due to more consumers working from home.

The clothing sector (-3.4%) and the footwear sector (-4.9%) saw declines, however this was not as pronounced as in the second quarter, CBS said.

In addition, 18.5% of retailers expect sales to increase in the fourth quarter, while 51.6% expect sales to remain the same.

© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine.

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