Netherlands retail sector witnesses modest growth in February 2024

06 Apr '24

1 min read

Insights

In February 2024, the Dutch retail industry saw a 3.0 per cent turnover increase, driven by a 2.7 per cent rise in sales volume across various sectors.
Despite a slight decline in the clothing sector, there was notable growth in non-food and food sectors, shoes, and leather products.
Online retail also grew, particularly among online-only retailers.

The Dutch retail industry experienced a 3.0 per cent increase in turnover for February 2024, as per Statistics Netherlands (CBS). The sector saw a sales volume rise of 2.7 per cent, with notable growth in both the non-food and food sectors.

Turnover in the clothing retail sector was down 0.1 per cent year on year (YoY), while shoes and leather products witnessed a YoY increase of 2.8 per cent in February. Online turnover for clothing and fashion items was -10.2 per cent during the period under review.

In the non-food sector, turnover surged by 3.9 per cent, with sales volume increasing by 4.6 per cent from the previous year. This sector includes diverse retail areas such as chemists, footwear and leather goods, and DIY products, which all reported growth in February.

Total online retail turnover marked a 5.3 per cent increase, with online-only retailers experiencing an 8.1 per cent rise. However, multi-channel retailers, which use the internet as a secondary sales channel, saw a modest 0.9 per cent increase in online turnover.

Fibre2Fashion News Desk (KD)

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