According to the data analyzed by our Research Department, the large retail chains recorded a total turnover which was 11% higher than in 2022, a growth rate that exceeds the average annual inflation rate registered last year. The study was performed by the Cushman & Wakefield Echinox real estate consultancy company, based on the financial results of 116 companies from 12 different segments. All the analyzed retail segments recorded higher y-o-y revenues in 2023, with the largest increases being reported by the Cosmetics (33.5%), Specialized Stores – pet shops, newsstands, tobacco, specialized drug stores etc. (20.4%), Kids & Toys (17.5%) and Food & Beverage (14.5%) retailers.
The 12 analyzed sectors are FMCG (major hypermarket/supermarket chains), Clothing, DIY, Sports, Footwear, Kids & Toys, Jewelry, Home & Deco, Food & Beverage, Cosmetics, Electro-IT, and Specialized Stores.
The surveyed retailers registered a cumulative turnover of €36 billion in 2023, compared with €32.3 billion in 2022 and with €27.7 billion in 2021.
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