PROSPECTS AND OPPORTUNITIES
New players are set to enter the market, driving growth in general merchandise stores
Across the forecast period, general merchandise stores are predicted to see a retail value rise at a current value CAGR of 6% (2024 constant value CAGR of 4%). New players, such as Choice Home, are gradually expanding their presence in Slovakia by opening new retail stores and offering a wide range of brands.
Premiumisation and interest in sustainable attributes will shape purchasing behaviours
Premiumisation and the growing motivation of Slovak consumers towards more eco-friendly shopping behaviour is set to influence general merchandise stores in Slovakia during the second half of the forecast period. Consumers will be more willing to spend extra for better quality or added value as real incomes improve.
Retail e-commerce and affordable online marketplaces will become rising competition
Retail e-commerce is set to become an increasingly significant competitor for variety stores across the forecast period. Shopping from international websites like Temu and Aliexpress, as well as e-marketplaces such as Allegro, will continue to expand.
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Overview:
Understand the latest market trends and future growth opportunities for the General Merchandise Stores 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 General Merchandise Stores 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 General Merchandise Stores 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 General Merchandise Stores in Slovakia?
- Which are the leading retailers in General Merchandise Stores 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?
General Merchandise Stores in Slovakia - Category analysis
KEY DATA FINDINGS
Variety stores benefit from offering price friendly products during 2024
New players expand in variety stores, however, apparel retailers become rising competition
Consumer-to-consumer e-marketplaces are rising competition for variety stores
New players are set to enter the market, driving growth in general merchandise stores
Premiumisation and interest in sustainable attributes will shape purchasing behaviours
Retail e-commerce and affordable online marketplaces will become rising competition
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:
General Merchandise Stores
- Department Stores
- Variety Stores
General Merchandise Stores
The aggregation of department stores and variety stores.
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 General Merchandise Stores research and analysis database.
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