Retailing

Vending was one of the better performing retail channels in Slovakia in 2023, with current value sales increasing. Convenience and on-the-go consumption drove consumer demand. While hot drinks continued to be the most popular product sold through…

Supermarkets in Slovakia lost out to discounters in 2023, as continuing high inflation saw consumers increasingly shop in discounters. Consumers also sought out discounts in supermarkets as they were highly price sensitive. As such, supermarket…

2023 was not a good year for small local grocers in Slovakia. With inflation still being high, consumers cut back on spending in such outlets, as prices tend to be higher than in other larger grocery retailers. As such, both constant and current…

It was a poor trading year for retail in Slovakia in 2023. With inflation still being high, as well increasing interest rates leading to higher mortgage payments, consumers felt the pinch. As such, there was only marginal growth in current value…

Retail e-commerce registered a modest increase in current value sales in Slovakia. However, with appliances and electronics continuing to be the most popular products sold online, and with weak consumer sentiment leading consumers to postpone larger…

Hypermarkets were the best performing grocery channel in Slovakia in 2023 in terms of value growth. Recent openings of new outlets boosted value sales, including the new Kaufland Bratislava outlet discussed below. However, with inflation still high,…

Home product specialists were the worst performing retail channel in Slovakia in 2023. With inflation still high, consumers put off home renovation projects and also cut down on spend on homewares and home furnishings. As such, home products register…

Health and beauty specialists were the best performing retail channel in Slovakia in 2023 in terms of value growth. There was also a significant increase in outlet openings. However, it was a mixed bag. While pharmacies registered a healthy increase…

Discounters in Slovakia were one of the better performing grocery retailers in 2023. With inflation still being high, consumers were price sensitive and prioritised value for money. As such, discounters registered an increase in current value sales,…

Direct selling in Slovakia registered a further fall in both current and constant values sales in 2023. A shift away from direct selling to e-commerce led to a drop in sales, as e-commerce also provides the convenience of direct delivery. In fact,…

2023 was not a good year for convenience retailers in Slovakia. With inflation still being high, consumers cut back on spending in convenience retailers, as prices tend to be higher than in other grocery retailers. As such both constant and current…

It was a poor trading year for appliances and electronics specialists in Slovakia in 2023. With inflation still high, consumers prioritised essentials and postponed purchases, if at all possible. As such, there was a significant fall in both current…

Apparel and footwear specialists registered a fall in current value sales in Slovakia in 2023. With inflation still being high, consumers were price sensitive and cut back on spending on non-essentials. Also, when consumers did purchase, they traded…

TEDi Betriebs sro, with a majority of standalone outlets, remained the leading player in general merchandise stores in 2022 and was followed by Tchibo Slovensko. The latter focuses on marketing and promotions and runs weekly discounts on a limited…

Variety stores saw a recovery in current value sales in 2021. This was mainly because variety stores offer everyday items at affordable prices, which became a more appealing alternative to price-sensitive consumers. Location remained a determining…

Traditional grocery retailers registered an increase in value sales in 2021. Traditional grocery retailers is a highly fragmented channel in Slovakia, comprising of many different, often traditional businesses, e.g., bakers, butchers, greengrocers,…

Mobile e-commerce continued to grow in 2021, albeit at a lower rate than in the previous year. During the pandemic many consumers opted to purchase goods through e-commerce and mobile e-commerce to avoid having to visit stores and risk personal…

Value sales through the homeshopping channel grew slightly in 2021. The sanitary crisis and home seclusion had a positive impact on homeshopping. With people spending more time at home and shops being closed during lockdown, consumers who previously…

In 2021, home and garden specialist retailers registered a strong increase in retail value sales after a strong decline in the previous year. During the first year of the pandemic, consumers postponed large scale home development projects or buying a…

Health and beauty specialist retailers saw a recovery in value sales in brick-and-mortar stores in 2021. Beauty specialist retailers especially saw a noticeable increase in retail value sales, after a strong decline in the previous year. In 2021,…