Retail Market Report 2025

Retail turnover rose slightly by 0.5% in 2024 after adjusting for inflation. While food increased by 1.7%, the non-food range was up by only 0.2%. There were notable declines in the magazine, furniture and jewellery trade. On the other hand, electronics and clothing were up. E-commerce also grew at an above-average rate of 2.4%, but growth rates have declined significantly since the boom of the pandemic years.

Profitability and thus cost pressure remain a central issue in retail. The increased wage costs are amplified by subdued demand. Accordingly, the number of insolvencies has risen and the number of employees has declined, especially in the shoe, fashion and furniture trade.