1 minute ago by Reuters1 minute ago by Reuters1 minute ago by Reuters1 BERLIN, 14 JULY (Reuters) – According to industry group HDE, German retailers are predicted to grow their revenues by 1.5 percent year over year in 2021, assuming no new coronavirus lockdowns affect consumers’ appetite and close stores. Last year’s COVID-19 limits increased online sales, which are anticipated to rise by roughly 20% this year to little over 87 billion euros ($103 billion), according to HDE, compared to a prediction of 17%. According to HDE, three quarters of German retail enterprises reported lost sales in the first half of the year as a result of non-essential store closures in the first four months of 2021 to combat coronavirus infections. “The crisis is far from finished; many retailers are still in a terrible condition,” HDE Managing Director Stefan Genth remarked. 1 euro Equals 0.8481 dollars Riham Alkousaa contributed reporting, and Emma Thomasson edited the piece./n
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