Nielsen: Grocery store numbers down 5%
The number of grocery stores operating in Hungary was down 5%, to 17,729, in the 12 months leading up to January 2015, according to data compiled by market research company Nielsen, Hungarian news agency MTI reported yesterday.
Most store closures were in Budapest, Pest County and in western Hungary. Approximately 55% of the country’s grocery stores are smaller than 50 sqm and roughly one-third are between 51 and 200 sqm.
Only a little more than 10% are above 200 sqm. Legislation, which came into effect in the spring requires most retailers larger than 200 sqm to remain closed on Sundays. There are currently 19 grocers in Hungary for every 10,000 residents, well over the respective seven and five in Austria and Germany, Nielsen added.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
2/3 of Hungarians Have Basic Expectation of Home Office
Time Out Market to Open in Budapest Next Year
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
