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DIW President for easing shop opening times

2021-06-25T00:30:11.868Z


A possible consequence of the pandemic? The President of the German Institute for Economic Research is in favor of more flexible shop opening times. His main concern is competition with online retail.


A possible consequence of the pandemic?

The President of the German Institute for Economic Research is in favor of more flexible shop opening times.

His main concern is competition with online retail.

Düsseldorf (dpa) - The German Institute for Economic Research (DIW) has spoken out in favor of easing shop opening times in view of the problems faced by many retailers.

"A liberalization of the shop opening times is urgently required so that the stationary retail trade can assert itself in the competition against the online trade and secure jobs", DIW President Marcel Fratzscher told the "Handelsblatt" (Saturday).

The shift to online trading in the pandemic will not be completely reversed.

According to the report, Fratzscher sees politics as an obligation to ensure fair competition.

That does not mean that people can shop online 24 hours a day, 7 days a week, but the stationary retail trade has a “tight corset” and must also be closed on Sundays.

“Instead of sanctions or charges for online trading, politics should make stationary retail more attractive,” the economist was quoted as saying.

The trade association HDE had requested help again this week in order to counteract sales losses.

"In the short term, with a view to a powerful restart after the pandemic, it should be open to all retailers to open their doors to all customers at least the remaining Sundays this year," said Managing Director Stefan Genth of the "Frankfurter Allgemeine".

In the Corona year 2020, the retail sector was able to increase its sales more strongly than it has been for a long time, but online trading in particular was booming.

The US group Amazon achieved just under 29.6 billion dollars (25 billion euros) in sales in Germany, which is more than 30 percent more than in 2019. Grocery retailers as well as furniture and home improvement stores also did good business.

In contrast, the textile trade plunged deep into the crisis.

© dpa-infocom, dpa: 210620-99-68596 / 2

Handelsblatt report

FAZ report with Genth quotes

Source: merkur

All news articles on 2021-06-25

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