• Home
• Channel: Shopping
• Retail Units Closing Rapidly in Hungary

Retail Units Closing Rapidly in Hungary

• 27 May 2024 9:26 AM
• Hungary Around the Clock

There were 106,300 fewer retail stores at the end of 2023, a decline of 16.3% from four years earlier, the Central Statistics Office said.

The number fell by 3.6% in the second half of last year alone, as 3,955 retail units closed between June and December.

Excluding the 7,150 shops selling vehicle and spare parts, which typically do not serve households, then the number of retail units supplying households dropped below 100,000.

As there were 157,600 such shops in 2005, their number has fallen by 37% over 20 years.

Photo: courtesy of akcio-shop.hu

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here:
XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers?
Then just contact us here!

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Retail Stores Sales

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

Retail Sales Up 3.7% in Hungary

• 7 Jun 2024 10:41 AM

Retail sales in Hungary rose by an annual 3.7% in April, the Central Statistical Office (KSH) said. Retail sales were up by an annual 3.2% when adjusted for calendar-year effects.



Updated: 1st Irish 'Fast Fashion' Store Now Open in Hungary

• 28 May 2024 9:59 AM

International fashion retailer Primark earlier announced that it will open its first Hungarian store in Arena Mall, Budapest .



Parents Spend HUF 5,000-10,000 on Children's Day in Hungary

• 27 May 2024 1:01 PM

Parents and grandparents spend HUF 5,000-10,000 on Children's Day, the last Sunday of May, based on the sales data of Regio Játék and the results of a survey of 2,500 people, writes the online business daily Világgazdaság.



Aldi to Create its Biggest Store in Hungary Inside a Deserted Budapest Shopping Mall

• 15 May 2024 1:20 PM

German retail company Aldi’s biggest store in Hungary will open in a deserted mall in the heart of Budapest. The new Aldi store will be on Kondorosi utca in Budapest’s District XI.