German Retail Association HDE expects increase in sales

The current business situation in the retail sector remains poor, especially among smaller companies. This is shown by a current survey of 1,300 retail companies conducted by the German Retail Association (HDE). According to the survey, many retailers are still suffering from the decline in sales caused by the restrictions. Assuming that the pandemic and the accompanying restrictions on shopping lose their significance in the near future, the HDE expects a nominal three percent increase in turnover for the entire industry in the current year.

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