Grocery stores see sales fall by 4 per cent
Text Ingel Kink Photo Andrei Chertkov
In November 2024, the turnover of retail trade enterprises in Estonia was 884 million euros, which was a 1 per cent decrease compared to November 2023, according to Statistics Estonia. The primary contributor to the decline was falling sales in grocery stores, whose turnover dropped by 4 per cent year-on-year.
Johanna Linda Pihlak, an analyst at Statistics Estonia, explained that grocery stores saw the largest negative impact. However, the turnover of stores selling manufactured goods showed a positive trend, increasing by 2 per cent over the same period.
Among manufactured goods retailers, specialised stores experienced significant growth, with a 15 per cent rise in turnover. These stores primarily sell computers, books, sports equipment, and toys. Meanwhile, stores selling goods via mail order or online saw a 10 per cent increase in turnover. On the other hand, some sectors experienced a decline, with stores selling household goods, hardware, and building materials seeing a 6 per cent drop, while turnover in second-hand goods stores and non-store retail fell by 3 per cent.
In comparison to October 2024, the turnover of retail enterprises decreased by 1 per cent, though seasonally adjusted data showed turnover remained stable. Over the first eleven months of 2024, retail trade turnover dropped by 3 per cent compared to the same period in 2023.
To learn more about this and similar topicsEstonia Retail Grocery Stores Decline Manufactured Goods Retail Sales Trends Retail Trade Retail Turnover Statistics Estonia Turnover Decline
