The Czech Republic now has the most e-shops per capita in the whole of Europe
The COVID-19 pandemic has disrupted both the operation and development of retail real estate markets worldwide, as well as in the CEE-17 countries. The Government restrictions imposed on the operation of shops, service outlets, gastronomy, entertainment and leisure, have led to the dynamic growth of e-commerce sales and to changes in consumer behaviour. These have also contributed to a 20-45 percent (depending on the country) decline in footfall figures in shopping centres, when we compared data from the middle of 2020, according to the “ExCEEding Borders | CEE-17 Retail in the times of the Pandemic” released by Colliers International. The Czech Republic as a whole came through the first wave of COVID-19 with flying colours, retailers were looking forward to catching up in the autumn and Christmas seasons. However, as the second wave hit hard in October, the government reinstated the state of emergency and adopted the strategy of minimizing social contact. Therefore, only the most essential stores were permitted…
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