Chinese E-Commerce Giant Disrupts Online Market in Hungary
- 13 Feb 2024 6:51 AM
E-commerce association ECH is set to file a complaint with competition watchdog the GVH about various practices of Chinese e-commerce giant Temu, Forbes writes.
E-commerce association ECH is set to file a complaint with competition watchdog the GVH about various practices of Chinese e-commerce giant Temu, Forbes writes.
Retail sales in Hungary fell by an annual 1.0% in December, the Central Statistical Office (KSH) said on Tuesday.
A long-established British retailer, WHSmith, has entered the Hungarian market. It immediately opened a giant store; the question is whether this will be followed by further expansion. The opening of the major retail chain in Budapest was highlighted by Budflyer.
So far, among the largest networks, Tesco, CBA, Coop, Reál, and Auchan have not announced closures. Below is an updated list of shops will surely be closed on Sunday 24th December: