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Country Report

Variety Stores in

Variety Stores in Hungary

45 pages, Jan 2019

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Variety store retailing is under pressure from other channels

The assortment of most variety stores strongly overlaps with parapharmacists/drugstores and modern grocers, such as discounters and hypermarkets. These retailing formats outperform them when it comes to pricing, which is mostly due to economies of scale on leading manufacturers’ brands and strong private label ranges across all product categories.

Focus on small catchment area, little room for growth

There are no emerging business models that are predicted to change the channel’s landscape. Variety stores tend to supply consumers living or working in the close neighbourhood of the outlet.

Independent variety stores face the challenge of lower margins and higher expenses

Variety stores face operational expenses that are increasing well above the inflation rate, meanwhile, their margins continue shrinking. Labour expenses, the key cost item, are the biggest concern as minimum wages payable grew over 8% annually during the last three years of the review period and double-digit growth is expected for 2019.

COMPETITIVE LANDSCAPE

Napcsillag leads variety stores

Napcsillag, running the network of Euro Family outlets, maintained its leadership of variety stores in 2018. Unlike most conventional outlets, it offers larger selling space, and with a lighter and more contemporary interior design.

One Euro Market brand shrinks and closes outlets

The variety store chain of One Euro Market, formerly with over 50 outlets, continued to shrink towards the end of the review period in terms of both outlets and retail sales. Further declines and outlet closures are expected, as partners operating the network face financial troubles and some of them are under tax executions as well.

Tiger Stores Hungary adds vitality to the channel

Tiger Stores Hungary, the local affiliate of Zebra A/S, continued to open new Flying Tiger Copenhagen outlets in 2018, mostly in leading shopping centres and retail complexes. The ranges in these outlets focus on creative accessories, while Danish-designed items are expected to be a nice addition for those looking for inspiration in terms of gifting and home decoration.

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Overview

Why buy this report?

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.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Variety Stores industry in Hungary 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 Variety Stores industry in Hungary, our research will save you time and money while empowering you to make informed, profitable decisions.

The Variety Stores in Hungary market research report includes:

Analysis of key supply-side and demand trends
Detailed market shares for international and locally-based retailers
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

How is Variety Stores performing in Hungary?
Are consumers switching towards more convenient Variety Stores channels?
Are independent and family run gVariety Stores coming under pressure in Hungary?

Why buy this report?

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

This industry report originates from Passport, our

Retailing market research database

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Variety Stores in Hungary - Category analysis

HEADLINES

PROSPECTS

Variety store retailing is under pressure from other channels

Focus on small catchment area, little room for growth

Independent variety stores face the challenge of lower margins and higher expenses

COMPETITIVE LANDSCAPE

Napcsillag leads variety stores

One Euro Market brand shrinks and closes outlets

Tiger Stores Hungary adds vitality to the channel

CHANNEL DATA

Table 1 Variety Stores: Value Sales, Outlets and Selling Space 2013-2018
Table 2 Variety Stores: Value Sales, Outlets and Selling Space: % Growth 2013-2018
Table 3 Variety Stores GBO Company Shares: % Value 2014-2018
Table 4 Variety Stores GBN Brand Shares: % Value 2015-2018
Table 5 Variety Stores LBN Brand Shares: Outlets 2015-2018
Table 6 Variety Stores LBN Brand Shares: Selling Space 2015-2018
Table 7 Variety Stores Forecasts: Value Sales, Outlets and Selling Space 2018-2023
Table 8 Variety Stores Forecasts: Value Sales, Outlets and Selling Space: % Growth 2018-2023

Retailing in Hungary - Industry Overview

EXECUTIVE SUMMARY

Retailing still benefits from strong demand

Difficulties in recruiting and in terms of regulations further limit expansion

A new stream of store-based retailers moves towards internet retailing

Non-store retailers use retail outlet facilities as a channel for meeting customers

Mixed outlook for the forecast period; growing sales but shrinking outlet sizes

OPERATING ENVIRONMENT

Informal retailing

Opening hours

Summary 1 Standard Opening Hours by Channel Type

Physical retail landscape

Cash and carry

Table 9 Cash and Carry Sales: Value

Seasonality

Shopping Season Name – Black Friday
Christmas
Back-to-school

Payments and delivery

Emerging business models

MARKET DATA

Table 10 Sales in Retailing by Store-based vs Non-Store: Value 2013-2018
Table 11 Sales in Retailing by Store-based vs Non-Store: % Value Growth 2013-2018
Table 12 Sales in Store-based Retailing by Channel: Value 2013-2018
Table 13 Sales in Store-based Retailing by Channel: % Value Growth 2013-2018
Table 14 Store-based Retailing Outlets by Channel: Units 2013-2018
Table 15 Store-based Retailing Outlets by Channel: % Unit Growth 2013-2018
Table 16 Sales in Non-Store Retailing by Channel: Value 2013-2018
Table 17 Sales in Non-Store Retailing by Channel: % Value Growth 2013-2018
Table 18 Grocery Retailers: Value Sales, Outlets and Selling Space 2013-2018
Table 19 Grocery Retailers: Value Sales, Outlets and Selling Space: % Growth 2013-2018
Table 20 Sales in Grocery Retailers by Channel: Value 2013-2018
Table 21 Sales in Grocery Retailers by Channel: % Value Growth 2013-2018
Table 22 Grocery Retailers Outlets by Channel: Units 2013-2018
Table 23 Grocery Retailers Outlets by Channel: % Unit Growth 2013-2018
Table 24 Non-Grocery Specialists: Value Sales, Outlets and Selling Space 2013-2018
Table 25 Non-Grocery Specialists: Value Sales, Outlets and Selling Space: % Growth 2013-2018
Table 26 Sales in Non-Grocery Specialists by Channel: Value 2013-2018
Table 27 Sales in Non-Grocery Specialists by Channel: % Value Growth 2013-2018
Table 28 Non-Grocery Specialists Outlets by Channel: Units 2013-2018
Table 29 Non-Grocery Specialists Outlets by Channel: % Unit Growth 2013-2018
Table 30 Mixed Retailers: Value Sales, Outlets and Selling Space 2013-2018
Table 31 Mixed Retailers: Value Sales, Outlets and Selling Space: % Growth 2013-2018
Table 32 Sales in Mixed Retailers by Channel: Value 2013-2018
Table 33 Sales in Mixed Retailers by Channel: % Value Growth 2013-2018
Table 34 Mixed Retailers Outlets by Channel: Units 2013-2018
Table 35 Mixed Retailers Outlets by Channel: % Unit Growth 2013-2018
Table 36 Retailing GBO Company Shares: % Value 2014-2018
Table 37 Retailing GBN Brand Shares: % Value 2015-2018
Table 38 Store-based Retailing GBO Company Shares: % Value 2014-2018
Table 39 Store-based Retailing GBN Brand Shares: % Value 2015-2018
Table 40 Store-based Retailing LBN Brand Shares: Outlets 2015-2018
Table 41 Non-Store Retailing GBO Company Shares: % Value 2014-2018
Table 42 Non-Store Retailing GBN Brand Shares: % Value 2015-2018
Table 43 Grocery Retailers GBO Company Shares: % Value 2014-2018
Table 44 Grocery Retailers GBN Brand Shares: % Value 2015-2018
Table 45 Grocery Retailers LBN Brand Shares: Outlets 2015-2018
Table 46 Grocery Retailers LBN Brand Shares: Selling Space 2015-2018
Table 47 Non-Grocery Specialists GBO Company Shares: % Value 2014-2018
Table 48 Non-Grocery Specialists GBN Brand Shares: % Value 2015-2018
Table 49 Non-Grocery Specialists LBN Brand Shares: Outlets 2015-2018
Table 50 Non-Grocery Specialists LBN Brand Shares: Selling Space 2015-2018
Table 51 Mixed Retailers GBO Company Shares: % Value 2014-2018
Table 52 Mixed Retailers GBN Brand Shares: % Value 2015-2018
Table 53 Mixed Retailers LBN Brand Shares: Outlets 2015-2018
Table 54 Mixed Retailers LBN Brand Shares: Selling Space 2015-2018
Table 55 Forecast Sales in Retailing by Store-based vs Non-Store: Value 2018-2023
Table 56 Forecast Sales in Retailing by Store-based vs Non-Store: % Value Growth 2018-2023
Table 57 Forecast Sales in Store-based Retailing by Channel: Value 2018-2023
Table 58 Forecast Sales in Store-based Retailing by Channel: % Value Growth 2018-2023
Table 59 Forecast Store-based Retailing Outlets by Channel: Units 2018-2023
Table 60 Forecast Store-Based Retailing Outlets by Channel: % Unit Growth 2018-2023
Table 61 Forecast Sales in Non-Store Retailing by Channel: Value 2018-2023
Table 62 Forecast Sales in Non-Store Retailing by Channel: % Value Growth 2018-2023
Table 63 Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space 2018-2023
Table 64 Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2018-2023
Table 65 Forecast Sales in Grocery Retailers by Channel: Value 2018-2023
Table 66 Forecast Sales in Grocery Retailers by Channel: % Value Growth 2018-2023
Table 67 Forecast Grocery Retailers Outlets by Channel: Units 2018-2023
Table 68 Forecast Grocery Retailers Outlets by Channel: % Unit Growth 2018-2023
Table 69 Non-Grocery Specialists Forecasts: Value Sales, Outlets and Selling Space 2018-2023
Table 70 Non-Grocery Specialists Forecasts: Value Sales, Outlets and Selling Space: % Growth 2018-2023
Table 71 Forecast Sales in Non-Grocery Specialists by Channel: Value 2018-2023
Table 72 Forecast Sales in Non-Grocery Specialists by Channel: % Value Growth 2018-2023
Table 73 Forecast Non-Grocery Specialists Outlets by Channel: Units 2018-2023
Table 74 Forecast Non-Grocery Specialists Outlets by Channel: % Unit Growth 2018-2023
Table 75 Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space 2018-2023
Table 76 Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2018-2023
Table 77 Forecast Sales in Mixed Retailers by Channel: Value 2018-2023
Table 78 Forecast Sales in Mixed Retailers by Channel: % Value Growth 2018-2023
Table 79 Forecast Mixed Retailers Outlets by Channel: Units 2018-2023
Table 80 Forecast Mixed Retailers Outlets by Channel: % Unit Growth 2018-2023

Megatrends

Country Report

Variety Stores in Hungary

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Variety store retailing is under pressure from other channels

Focus on small catchment area, little room for growth

Independent variety stores face the challenge of lower margins and higher expenses

COMPETITIVE LANDSCAPE

Napcsillag leads variety stores

One Euro Market brand shrinks and closes outlets

Tiger Stores Hungary adds vitality to the channel

Overview

Why buy this report?

SAMPLES

Delivery

Overview

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Table of Contents

Variety Stores in Hungary - Category analysis

HEADLINES

PROSPECTS

Variety store retailing is under pressure from other channels

Focus on small catchment area, little room for growth

Independent variety stores face the challenge of lower margins and higher expenses

COMPETITIVE LANDSCAPE

Napcsillag leads variety stores

One Euro Market brand shrinks and closes outlets

Tiger Stores Hungary adds vitality to the channel

CHANNEL DATA

Retailing in Hungary - Industry Overview

EXECUTIVE SUMMARY

Retailing still benefits from strong demand

Difficulties in recruiting and in terms of regulations further limit expansion

A new stream of store-based retailers moves towards internet retailing

Non-store retailers use retail outlet facilities as a channel for meeting customers

Mixed outlook for the forecast period; growing sales but shrinking outlet sizes

OPERATING ENVIRONMENT

Informal retailing

Opening hours

Physical retail landscape

Cash and carry

Seasonality

Payments and delivery

Emerging business models

MARKET DATA

DEFINITIONS

SOURCES

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