A sharp drop in consumption and soaring energy costs are to blame, a trade group says Germany’s retail industry is in jeopardy amid rising energy costs and a sharp decline in consumption, Der Spiegel reported on Monday, citing the German Retail Federation (HDE). According to the organization’s forecasts, the first to face the risk of bankruptcy are smaller stores in city centers. Retail turnover in Germany started to decrease in August. According to the Federal Statistical Office, sales in real terms fell by 1.3% compared to July, and by 4.3% versus August 2021. Food sales were down 1.7% from July and 3.1% year-on
Hence then, the article about germany facing retail collapse der spiegel was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Germany facing retail collapse – Der Spiegel )