The turnover of retail trade in Ukraine in July 2021 year-over-year, in comparable prices increased by 10.1%, while in June it grew by 13%, the State Statistics Service said on Friday.
According to the State Statistics Service, in July compared to June 2021, retail trade grew by 6.5%.
In January-July 2021, compared to the same reporting period in 2020, retail trade turnover also increased by 13%.
The largest growth in retail trade turnover of enterprises (legal entities and individual entrepreneurs) for seven months of 2021 was recorded in Chernivtsi (by 28.8%), Ternopil (by 28.2%), Lviv (by 20.8%), Zakarpattia (by 20.7%), Khmelnytsky (19.8%), Poltava (19%), Vinnytsia (18.9%), Ivano-Frankivsk (18.1%), Rivne (15%), Zhytomyr (14.8%), Kyiv (14%), Zaporizhia (13.9%), Dnipropetrovsk (12.7%) and Chernihiv (12%) regions.
RETAIL TURNOVER IN UKRAINE BY REGIONS IN JAN-MARCH 2021 (UAH MLN)
Retail turnover in Ukraine in 2020 increased by 12.7% compared to 2019, which is associated with significant growth in the e-commerce segment and high domestic demand, the press service of CBRE Ukraine said.
The 2020 retail real estate market survey reports that in 2020 Ukraine recorded impressive annual sales growth rates in the e-commerce segment. According to Euromonitor International, the e-commerce segment achieved 8% of annual retail turnover, up 45% from 2019.
“Thanks to this significant growth in e-commerce, more and more retailretailers are focusing on the development of omnichannel commerce to compete with online platforms,” Radomyr Tsurkan, Managing Partner of CBRE Ukraine, said
A significant number of international brands such as Colin’s, IKEA, Miniso, Massimo Dutti, Uterqüe, Stradivarius and Pull & Bear launched online stores during 2020. Groceryretailer ATB launched its first online store during the lockdown and introduced a new click & collect service, which allows you to pick up groceries from the store after an online purchase.
The expert also noted the oncoming transfer from online to offline: some e-commerce websites (Rozetka, Makeup) actively opened click-and-mortar stores to complement the online experience for customers who want to check the goods live before buying.
“E-commerce will continue to expand towards multichannel retail, driven by a sharp increase in consumer dependence on online shopping during 2020. Rapid improvements in delivery services are also driving the expansion of online stores,” he commented.
According to the expert, with increasing competition, more and more e-commerce players will open and expand stores or points of delivery in order to improve or complement the online customer experience with a physical or offline experience. More traditionalretailers are also expected to focus on developing online platforms to keep up with consumer habits.
CBRE is the world’s largest commercial real estate consultancy and investment firm, with 2020 revenues of $ 23.8 billion. The company is one of the 500 largest companies in the world according to the Fortune 500 ranking (128th in 2020).
RETAIL TURNOVER IN UKRAINE BY REGIONS IN JAN-APR 2021 (UAH MLN)
The retail trade turnover of Ukraine in May 2021 grew by 22.7% compared to the same month in 2020 in comparable prices, while in April this figure was 34.3%, the State Statistics Service said on Tuesday.
According to the authority, in May, retail turnover increased 5.2% compared to April 2021.
In January-May 2021, compared to the same period in 2020, the retail trade turnover in the country also rose by 14.3%.
The largest growth in retail trade turnover of enterprises (legal entities and individual entrepreneurs) in the first five months of 2021 was recorded in Chernivtsi (by 30.7%), Ternopil (by 30.1%), Zakarpattia (by 24.5%), Khmelnytsky (by 21.1%), Lviv (19.6%), Ivano-Frankivsk and Vinnytsia (18.8%), Kyiv (17.2%), Zhytomyr (16.8%), Zaporizhia (16.5%) and Rivne (15.7%) regions.
Retail turnover in Ukraine by regions in Jan-feb 2021 (UAH mln)
