Polish traders chamber PIH: Retail FMCG sales decline by 4% y/y in Dec
Poland's retail sales increased by 16% on the month in December, but fell by 4.0% y/y, according to the data of the Polish Chamber of Trade (PIH), based on small- and mid-sized FMCG sales networks (excluding super- and hyper-markets), representing 20% of the retail market.
The chamber represents smaller formats of retail traders, the majority of whom reported earnings declines in 2013, the institution also reported. Its members note a rise of sales of fresh products as consumers prefer to purchase them in smaller shops.
In November, Poland's overall retail sales continued their several month-long improvement, as they by 3.8% y/y vs. annual rise of 3.2% a month before (and of 3.9% two months earlier).
In November, the categories that posted annual increases were: "textiles, clothing, footwear" - by 18.9%, "motor vehicles, motorcycles, parts" - by 15.1%, "other retail sale in non-specialised stores" (i.e. mainly hyper- and supermarkets) - by 10.0%.
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