They tried hard, but inflation & Covid couldn’t kill retail growth in 2021

Robert McLean

#cee, #proptech, #development a #architecture

Following strong-o-y growth in October (6%), Czech retail revenues shot up another 13.2% in November. It’s being described as the biggest surge in spending for 20 years by some, but the horrendous results from 2020’s lockdown infested year clearly had an impact on this. What’s remarkable is the continuing demand for consumer goods despite rising inflation. The Czech Statistics Office reports that Czechs spent the most on fashion and clothes, where revenues were up 285%. Sporting goods sales grew a respectable 48%, while household items lagged behind with an uptake that barely reached 33 . . .

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