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Learn moreMar 2021
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COVID-190 has had less of an impact on retailing in the Dominican Republic than more developed markets, largely because the alternatives to cash-based transactions in physical outlets are yet to be fully developed. Although e-commerce and mobile e-commerce are both set to see strong growth, the closure of non-essential retail outlets at the beginning of the lockdown, and the subsequent mixture of restrictions and controls imposed on the sector as the government attempted to reopen the economy failed to shift as many consumers online and into the formal retail channel as might be expected.
Schools in the Dominican Republic proactively closed on 16 March. After declaring a state of emergency on 19 March, borders were closed including the land border with Haiti, and inbound sea and air arrivals were suspended at all ports, including cruises.
E-commerce is set to see strong growth in 2020, fuelled by the pandemic, but also strong consumer demand for products from overseas. Cross-border transactions continue to make up the overwhelming majority of e-commerce sales, thanks to the wide variety of products and favourable prices offered by international websites.
Unsurprisingly, COVID-19 has driven up consumer anxieties about health in the Dominican Republic. There are already long-standing traditions of more natural approaches to health, with many Dominicans, for example, using herbal teas as part of a preventative health regime, with ginger and mint being among the most popular.
The Dominican Republic is already seeing signs of economic recovery from the sharp contraction in GDP caused by the pandemic in 2020. This will help the retailing sector flourish, and a return to pre-pandemic consumption habits is anticipated.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Retailing industry in Dominican Republic with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Retailing industry in Dominican Republic, our research will save you time and money while empowering you to make informed, profitable decisions.
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This industry report originates from Passport, our Retailing market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.