Retail

Retail in Netherlands sees 5% YoY turnover growth in July 2023

03 Sep '23

1 min read

Pic: Shutterstock/Sorbis

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The Dutch retail sector saw a 5 per cent increase in YoY turnover for July 2023, according to data adjusted for shopping-day variations.
While the non-food sector experienced a 3 per cent boost in turnover, it also reported a 3.2 per cent decline in volume of sales when adjusted for price changes.
Online retail demonstrated a 2.5 per cent YoY growth.

The Dutch retail sector recorded 5.0 per cent year-on-year (YoY) turnover growth in July 2023. The volume of sales decreased by 2.8 per cent and turnover was up by 3.0 per cent in the non-food sector. Furthermore, online retail turnover increased by 2.5 per cent YoY.

Retail turnover data have been adjusted for the shopping-day pattern in July. Retail sales tend to vary from one day to the next. If the shopping-day pattern is not taken into account, retail turnover in July 2023 was 3.7 per cent higher than in the same month last year. Clothes shops, shops selling footwear and leather products, and those selling DIY products, recorded a decrease in July, Statistics Netherlands (CBS) said in a press release.

The volume of sales (turnover adjusted for price changes) decreased by 3.2 per cent compared to the same month last year.

Online stores recorded a turnover increase of 3.4 per cent. Multi-channel retailers (retailers selling goods and services over the internet as a side activity) achieved 1.4 per cent higher turnover in online sales.

Online turnover of non-food products was higher in July 2023 than in July 2022. Online turnover of clothing and fashion items was lower.

Fibre2Fashion News Desk (NB)

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