Refurbishment problems in German retail have somewhat subsided in the high-selling Christmas business. 62.2 percent of companies were still complaining about delivery bottlenecks in December, after 71.1 percent in November, the Munich Ifo institute announced in its survey. At the same time, pessimism among retailers regarding the coming months continued to decline.
“The relaxation comes at just the right time for many retailers,” said Klaus Wollrabe, head of Ifo surveys. However, there will still be gaps on the shelves.
The situation has eased significantly for toy retailers, who generate a significant portion of their annual sales in the Christmas business. Here, less than a third of lost cargo is reported. The same applies to bicycle dealers and clothing stores. The share in DIY stores also fell below the 50 percent mark. “Business in consumer electronics remains the hardest hit: almost all retailers reported delivery bottlenecks,” it said. The situation also remains problematic for the car trade, the home appliance trade and supermarkets, with about 86 percent each complaining of lost goods.
“Total coffee aficionado. Travel buff. Music ninja. Bacon nerd. Beeraholic.”
More Stories
Microsoft invests $1.5 billion in an Arab startup in the field of artificial intelligence
Reports: New Signa Supervisory Board member Karin Exner Führer surrenders after 5 days
The Supervisory Board member resigns after only five days