Business

Internet revenue growth will weaken further at the end of 2021

the Hague

In the fourth quarter of 2021, retail internet sales growth slowed further, increasing about 3 percent year-on-year. Since the start of the corona crisis, much more has been converted by internet sellers. Total retail turnover was approximately 6 percent higher than in the fourth quarter of 2020. This increase can be attributed to the non-food sector, whereas turnover from the food sector decreased slightly. In both 2020 and 2021, non-essential stores were faced with a lockdown towards the end of the fourth quarter. Statistics Netherlands (CBS) reports this on the basis of new quarterly figures for the retail trade.

The growth of the internet turnover of retailers has not been this low since the start of the measurement in 2014. The high turnover level that has been achieved since the corona crisis has persisted, but webshops did not convert significantly more than in the last three months of 2020. Internet revenue growth peaked at around 85 percent in the first quarter of 2021, but after a full year of corona, growth slowed in the following quarters.

Internet sales can be split into pure web stores and multichannelers, which sell both online and through stores. In the fourth quarter of 2021, internet turnover for the latter group of retailers was about 2 percent higher than in the fourth quarter of 2020. In that quarter, internet turnover increased by almost 70 percent compared to a year earlier, when the corona crisis was still underway. hadn’t done. For pure online stores, the increase in the fourth quarter of 2021 was almost 5 percent, compared to 44 percent a year earlier.

Internet revenue growth will weaken further at the end of 2021
Source link Internet revenue growth will weaken further at the end of 2021

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