PROSPECTS AND OPPORTUNITIES
Modernising stores and improving customer service is expected to support footfall
Store modernisation, an improved shopping experience, and the addition of new services will contribute to the growing popularity of convenience stores across the forecast period. To remain competitive against retail chains that can offer lower prices, such as discount retailers, convenience stores may explore the development of private labels, and find ways to reduce operational costs.
Changes to the VAT rate is set to challenge sales across 2025
In January 2025, the VAT rate in Slovakia is increasing from 20% in 2024 to 23% in 2025. Staple and foods are going to enjoy a lower VAT rate (from 10% in 2024 to 5% in 2025), while all foods and drinks not on the fresh foods list get taxed with a 19% VAT rate in 2025 (down from 20% in 2024).
Premiumisation and convenience will be key drivers of growth over the forecast period
Sales at convenience stores in Slovakia are expected to improve due to a growing trend towards premiumisation and convenience. Consumers are likely to prefer shopping closer to home and using local or regional retailers.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in Slovakia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Convenience Retailers industry in Slovakia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Convenience Retailers in Slovakia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Convenience Retailers in Slovakia?
- Which are the leading retailers in Convenience Retailers in Slovakia?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Convenience Retailers in Slovakia - Category analysis
KEY DATA FINDINGS
Retail value sales rise, however, price sensitivity dampens growth
Tesco rebrands Zabka stores to become Tesco Express
Retailers focus on omnichannel strategies to boost sales
Modernising stores and improving customer service is expected to support footfall
Changes to the VAT rate is set to challenge sales across 2025
Premiumisation and convenience will be key drivers of growth over the forecast period
Retail in Slovakia - Industry Overview
Retail in 2024: The big picture
Retailers offer added-benefits, deals and discounts to drive sales
Leading players focus on consolidation to prioritise efficiency
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Easter
Back to School
DISCLAIMER
The following categories and subcategories are included:
Convenience Retailers
- Convenience Stores
- Forecourt Retailers
Convenience Retailers
The aggregation of convenience stores and forecourt retailers.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Convenience Retailers research and analysis database.
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