Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

German COVID-19 rules put off shoppers, says retailer group

EconomyDec 05, 2021 06:55AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: Shoppers in Cologne's main shopping street Hohe Strasse (High Street) in Cologne, Germany, 12, December, 2020. REUTERS/Wolfgang Rattay/File Photo

BERLIN (Reuters) - The tighter restrictions Germany has introduced to try to limit the spread of COVID-19 are putting people off from shopping in the usually busy run-up to Christmas, the country's association of retailers (HDE) said on Sunday.

The HDE said sales in bricks-and-mortar non-food retail were down an average of 26% in the last week compared to the pre-crisis year of 2019, according to a survey of some 1,600 firms.

Clothing retailers were particularly hard hit, with sales down 35% on the pre-crisis level.

Visitor numbers in city centre shopping districts are down 41% compared to 2019. This time last year, restaurants and bars were closed in a partial lockdown and there were limits on the number of people allowed to meet, although stores were open.

German officials agreed on Thursday to bar unvaccinated people from accessing all but the most essential businesses such as grocery stores, pharmacies and bakeries, and also decided to seek to make vaccination mandatory.

"The introduction of stricter coronavirus measures in shops is a dramatic disruption to the Christmas business," HDE Chief Executive Stefan Genth said in a statement.

The HDE is therefore calling on the government to provide more financial support to retailers.

Germany recorded 42,055 new infections on Sunday and another 94 deaths, bringing the total death toll to 103,040.

"Retailers had placed their hopes on the Christmas business," Genth said. "But now many retailers are once again moving closer to the precipice with each passing day: a disastrous outlook."

According to HDE estimates, sales losses in the affected non-food retail sector may amount to 5.5 billion euros ($6.22 billion) in December. According to the survey, 77% of firms have negative expectations for the weeks ahead.

($1 = 0.8839 euros)

German COVID-19 rules put off shoppers, says retailer group
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Llewellyn Kruger
Llewellyn Kruger Dec 05, 2021 7:58AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Its remarkable how German leadership sold out those they serve. Time is short. Either they come to their senses or it will come by force.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email