Discounters set to claim half of German grocery sales
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7 March 2008 | Published by Verdict
London - A combination of the 2007 VAT hike and the discounter boom that has spread like wildfire from grocery to other sectors is severely impacting Germany’s retailing landscape, reveals a new report by Verdict Research, part of the Datamonitor Group. For the first time since 2002 the sector contracted, posting a decline of 0.9%. With a current value of €354bn, the overall retail market in Germany has receded back to what it was in 2005 meaning expenditure has been similar to that seen at the tail end of the last recession in the country. As a direct result of extremely tough trading conditions the wheels of the consolidation bandwagon have begun to turn and looking ahead Verdict Research expects more retailers to jump on.
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Related Research
Retailing in Germany 2008
Further Information
Daniel Lucht, Senior Analyst at Verdict Research, and Simon Chinn, Analyst, author of the study is available for comment.
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About Verdict
Verdict Research is the leading authority on UK and European retail markets. Our research publications, consultancy services and news bulletins offer unparalleled analysis on a large variety of retail sectors, issues, geographies and demographics.
Verdict is part of the Datamonitor Group.
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