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Parcel and internet trading is booming: growth of 31.8 percent in 2020
Photo: Sven Simon / imago images
Record increase in sales for German retailers: Despite the corona crisis, they probably earned 5.3 percent more last year than in 2019, as the Federal Statistical Office estimated on Tuesday.
This is the strongest increase since these statistics began in 1994 and is the eleventh year of growth in a row.
Adjusted for price, there was also an increase, namely by 4.1 percent.
These estimates take into account the lockdown in the second half of December and retail sales for the months of January through November 2020.
"The bitter losses of many downtown retailers are offset by good business in the areas of online, food and furniture," said the chief executive of the HDE retail association, Stefan Genth.
While sales by mail order and internet retailers rose by 31.8 percent in real terms over the year, textile suppliers had to cope with a drop in sales of 20 percent.
They obviously benefited less than hoped from the store openings that were still allowed in November.
Retail sales of various types of goods - including supermarkets and department stores - also managed to jump in sales by 8.5 percent.
November business brilliant
The retail sector performed even better than the annual average in November: with an average price-adjusted increase in sales of 5.6 percent compared to the same month last year, business went brilliantly.
Including the price increases, the dealers even had 6.5 percent more money in their coffers, as the Federal Statistical Office reported on Tuesday.
Furniture, household appliances and building supplies were particularly in demand with customers, with an increase of 15.4 percent.
Sales of food and beverages increased by just 0.8 percent in November, but grew by 5.1 percent in the period from January to November.
"Disaster year for the fashion trade"
Many other retailers, on the other hand, were caught off guard by the corona crisis: the trade in textiles, clothing, shoes and leather goods collapsed from January to November by 21.1 percent compared to the same period of the previous year.
Textile goods and department stores recorded losses of 8.9 percent.
"2020 was a real disaster year for many fashion retailers," said Genth.
"If the federal government does not quickly improve state support here, we will experience an unprecedented wave of bankruptcies."
Little stimulus to consumer spending came from the temporary VAT cut.
A study by the Ifo Institute showed that this brought 6.3 billion euros in additional consumption.
Surveys suggested, however, that the stated goal of the state had not been achieved to induce citizens to make larger purchases.
The federal government temporarily lowered the rate from 19 to 16 percent from July to the end of 2020 in order to stimulate consumption and the economy in the corona crisis.
Christmas business got off to a good start thanks to Black Friday
The important Christmas business got off to a surprisingly good start for the industry.
In November, which is characterized by campaign days such as Black Friday, sales rose in real terms by 1.9 percent compared to the previous month.
Economists polled by Reuters had expected a minus of 2.0 percent.
The unexpectedly good performance suggests that private consumption stabilized the economy in the fourth quarter as well and prevented a major slump due to the lockdown.
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caw / Reuters / dpa-AFX