EL STAT Hellenic Statistical Authority : Evolution of Turnover of Enterprises in Retail Trade, November 2020

HELLENIC REPUBLIC

HELLENIC STATISTICAL AUTHORITY

Piraeus, 22 January 2021

PRESS RELEASE

EVOLUTION OF TURNOVER OF ENTERPRISES IN

RETAIL TRADE

NOVEMBER 2020

The Hellenic Statistical Authority (ELSTAT) with this sectoral publication, presents in detail the evolution of the sales/turnover of all classes of activity for the retail trade section. Retail trade is the basic business model of the modern consumer supply chain, through the resale of material goods or services and the promotion of products for profit.

Therefore, retail trade has always been an important productive tertiary sector of the Greek economy with a significant contribution to the Gross Domestic Product.

At the same time, and during the recent circumstances, the monitoring of the evolution of the size of the retail trade activity classes is important, given the direct and indirect effects due to the 2019 coronavirus disease pandemic (COVID-19).

In addition, monitoring the aggregates of the retail trade, leads to conclusions on the evolution of consumption (in terms of volume, characteristics, preferences and substitution of products) of the Greek society, the citizens and the enterprises of the country.

This current publication is part of a sequel of the Press Releases published by ELSTAT (link DT)since April 2020, incorporating the most recent data on turnover from Administrative Sources for November 2020.

A corresponding publication has been scheduled and is released by ELSTAT on a monthly basis, throughout the whole period during which the regular monitoring of the turnover of the retail trade enterprises remains relevant and warranted.

In particular, ELSTAT announces data a) on a quarterly basis, on turnover for all enterprisesclassified in the activity classes of the retail trade divisions (divisions 45 and 47 of the NACE Rev.2 classification) for the 2nd and 3rd quarter 2019 and 2020, b) data on a monthly basis, on turnover for all enterprises obliged to double-entryaccounting bookkeepingclassified in the activity classes of the retail trade divisions (divisions 45 and 47 of the NACE Rev.2 classification) for the periods October - November 2019 and 2020 and c) data on turnover for the five biggest enterprises, for each of the 10 largest classes, in terms of 2018 turnover, of the retail trade divisions (divisions 45 and 47 of NACE Rev.2 classification), for the 2nd and 3rd quarter 2019 and 2020 and for the periods October - November 2019 and 2020.

Information on methodological issues:Business Statistics Division Registers and Big Enterprises Section Head of Section: Adamantia Georgostathi Tel.: [phone]

e-mail:[e-mail]

Information on data provision:Tel.: [phone], 2308, 2310 E-mail:[e-mail]

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1. Total of enterprises classified in the activity classes of the retail trade divisions (Table 1)

For the total of enterprises in retail trade, the turnover in the third quarter 2020 amounted to 12.86 billion euro, recording a decrease of 5.6% in comparison with the third quarter 2019, when the respective turnover was 13.62 billion euro and an increase of 19.8% in comparison with the second quarter 2020, when the respective turnover was 10.73 billion euro.

The activities that recorded the biggest increasein turnover in the third quarter of 2020 compared with the corresponding quarter of 2019 are:

• Other retail sale in non-specialized stores, increase 41.7%.
• Sale of other motor vehicles, increase 27.1%.

The activities that recorded the biggest decreasein turnover in the third quarter of 2020 compared with the corresponding quarter of 2019 are:

• Retail sale of watches and jewelry in specialized stores, decrease 40.4%.
• Retail sale of cosmetic and toilet articles in specialized stores, decrease 38.5%.

Presentation of activities with biggest rates of change

The class of economic activity "Other retail sale in non-specializedstores" which recorded the biggest increase in turnover in the third quarter of 2020 compared with the corresponding quarter of 2019, includes the retail sale of a large variety of goods, of which food products, beverages or tobacco are not predominant, activities of department stores carrying a general line of merchandise, including wearing apparel, furniture, appliances, hardware, cosmetics, jewellery, toys, sports good, etc.

The class of economic activity "Retail sale of watches and jewelry in specialized stores" which recorded the biggest decrease in turnover in the third quarter of 2020 compared with the corresponding quarter of 2019, includes the retail stores which mainly sell watches and jewels.

The main characteristics of the enterprises of these economic classes, according to the Statistical Business Register, with reference year 2017, are the following:

								Number of
ECONOMIC ACTIVITY								Enterprises			Persons
		Enterprises			Branches			able to conduct electronic
								employed
								transactions (*)
Other retail sale in non-specialized stores	7,761		9,289		49		15,376
Retail sale of watches and jewellery in specialized stores	3,912		5,274		113		7,427

(*) The number of enterprises able to conduct electronic transactions refers to the year 2019 and is derived from administrative transactions files.

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1. All enterprises classified in the activity classes of the retail trade divisions obliged to double-entry accounting bookkeeping (Table 2)

For the enterprises in retail trade divisions obliged to double-entry accounting bookkeeping, for which data are available on a monthly basis, the turnover in November 2020 amounted to 2.3 billion euro, recording a decrease of 12.4% in comparison with November 2019, when the respective turnover was 2.65 billion euro and a decrease of 11.0% in comparison with October 2020, when the respective turnover was 2.6 billion euro.

The activities that recorded the biggest increasein turnover in November 2020 compared with November 2019 are:

• Sale of other motor vehicles, increase 47.4%.
• Retail sale via mail order houses or via Internet, increase 39.1%.

The activities that recorded the biggest decreasein turnover in November 2020 compared with October 2020 are:

• Retail sale of music and video recordings in specialized stores, decrease 91.0%.
• Retail sale of second-hand goods in stores, decrease 73.9%.

Presentation of activities with biggest rates of change

The class of economic activity "Sale of other motor vehicles" which recorded the biggest increase in turnover in November 2020 compared with November 2019 includes the wholesale and retail sale of new and used vehicles, such as lorries, trailers and semi-trailers, as well as caravans and motor homes. This class also includes wholesale and retail sale of off-road motor vehicles.

The class of economic activity "Retail sale of music and video recordings in specialized stores" includes the retail sale of musical records, audio tapes, compact discs and cassettes, video tapes and DVDs, as well as the retail sale of blank tapes and discs.

The main characteristics of the enterprises that belong to these economic classes, with turnover data in November

2020according to the Statistical Business Register, with reference year 2017, are the following:

								Number of
ECONOMIC ACTIVITY								Enterprises			Persons
		Enterprises			Branches			able to conduct electronic
								employed
								transactions (*)
Sale of other motor vehicles	100		158		1		470
Retail sale of music and video recordings in specialized stores	14		26		-		52

(*) The number of enterprises able to conduct electronic transactions refers to the year 2019 and is derived from administrative transactions files.

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c. 5 biggest enterprises for the 10 largest classes of the retail trade divisions (based on the 2018 turnover) (Tables 3, 4)

Based on the turnover data of the provisional Statistical Business Register 2018, the 10 largest classes of economic activity in the retail trade divisions are:

• Sale of cars and light motor vehicles
• Maintenance and repair of motor vehicles
• Wholesale trade of motor vehicle parts and accessories
• Retail sale in non-specialized stores with food, beverages or tobacco predominating
• Other retail sale in non-specialized stores
• Retail sale of automotive fuel in specialized stores
• Retail sale of hardware, paints and glass in specialized stores
• Retail sale of electrical household appliances in specialized stores
• Retail sale of clothing in specialized stores and
• Dispensing chemist in specialized stores

The activities that recorded the biggest increasein turnover in the third quarter of 2020 compared with the corresponding quarter of 2019 are:

• Dispensing chemist in specialized stores, increase 11.4%.
• Retail sale of hardware, paints and glass in specialized stores, increase 9.8%.

The activities that recorded the biggest decreasein turnover in the third quarter of 2020 compared with the corresponding quarter of 2019 are:

• Retail sale of clothing in specialized stores, decrease 26.1%.
• Retail sale of automotive fuel in specialized stores, decrease 14.7%.

The activities that recorded the biggest increasein turnover in November 2020 compared with November 2019 are:

• Dispensing chemist in specialized stores, increase 32.2%
• Retail sale in non-specialized stores with food, beverages or tobacco predominating, increase 7.6%

The activities that recorded the biggest decreasein turnover in November 2020 compared with November 2019 are:

• Retail sale of clothing in specialized stores, decrease 70.4%
• Other retail sale in non-specialized stores, decrease 62.9%

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