Retail

Retail turnover in Netherlands surges 4.6% YoY in May 2023

04 Jul '23

1 min read

Pic: Shutterstock/Creative Lab

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In May 2023, Dutch retail saw a 4.6 per cent YoY turnover growth, despite a 5.8 per cent drop in sales volume, according to Statistics Netherlands (CBS).
Non-food sector turnover rose by 1.2 per cent, and online retail turnover by 4.8 per cent.
While shops selling home furnishings, footwear, and leather saw growth, clothing stores saw a decrease.

For May 2023, the Dutch retail sector recorded 4.6 per cent year-on-year (YoY) turnover growth. The volume of sales decreased by 5.8 per cent. Turnover was up by 1.2 per cent in the non-food sector. Furthermore, online retail turnover increased by 4.8 per cent YoY.

Retail turnover data has been adjusted for the shopping-day pattern in May. Retail sales tend to vary from one day to the next. If the shopping-day pattern is not taken into account, retail turnover in May 2023 was 6.3 per cent higher than in the same month last year, Statistics Netherlands (CBS) said in a press release.

The volume of sales (turnover adjusted for price changes) decreased by 7.5 per cent compared to the same month last year.

Shops selling products including home furnishings, footwear, and leather goods saw YoY turnover growth in May. On the other hand, clothes shops and others recorded a decrease in May.

Online stores recorded a turnover increase of 5.3 per cent. Multi-channel retailers achieved 4.1 per cent higher turnover in online sales.

Fibre2Fashion News Desk (NB)

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