Business • Economy

German retail to face worst retraction since WWII

The HDE Managing Director Stefan Genth said German non-food retailers would see sales drop by around 22% this year, putting the sector on track for its worst retraction since 1945.

The Covid-19 pandemic has changed consumer behavior, with many customers going online for their shopping needs.

Genth said: “Many consumers have changed their shopping habits and retailers need to adapt.”.

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