Retail in 2024: The big picture
Retail saw positive growth in current value terms in Italy in 2024. Nonetheless, prevailing economic uncertainty, coupled with lower disposable income, undermined the performance of some retail outlets and retail categories.
Sustainability concerns having a growing influence on the market
Sustainability concerns and green practices are spreading within retail in Italy, with these having a growing influence on the market in 2024. For example, players were seen to be investing in making their premises greener in order to create energy savings, such as by installing solar panels.
Retailers investing in digitalisation strategies
Retailers in Italy are strongly investing in digitalisation, from developing their online presence with websites and social media profiles to enhancing their e-commerce capabilities. This is enabling even smaller retailers to expand their reach to a wider audience, while also proving useful in gathering customer data and building consumer engagement.
What next for retail?
Over the forecast period it is expected that retail in Italy will continue to grow in value terms (at constant 2024 prices), although performances will likely vary from channel to channel. The main factor that is likely to influence the performance of retail in Italy is the future state of the Italian economy.
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Overview:
Understand the latest market trends and future growth opportunities for the Retail industry in Italy 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.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Convenience Stores
- Discounters
- Hypermarkets
- Supermarkets
- Traditional Grocery Retailers
- Apparel and Footwear Specialist Retailers
- Electronics and Appliance Specialist Retailers
- Health and Beauty Specialist Retailers
- Home and Garden Specialist Retailers
- Department Stores
- Variety Stores
- Warehouse Clubs
- Direct Selling
- Homeshopping
- Vending
If you're in the Retail industry in Italy, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Retail in Italy report includes:
- Analysis of key retail trends
- Detailed segmentation of offline and online retail sales
- Historic channel sizes (retail value sales, outlet counts, and selling space)
- Company and brand market shares (retail value sales and outlet counts)
- 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 Retail in Italy?
- Which are the leading retailers in Retail in Italy?
- How are products distributed in Retail in Italy?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How significant are discounters and private label in Italy?
- To what extent are sales shifting towards digital channels?
- What is the long-term outlook for bricks-and-mortar?
- How is macroeconomic and political uncertainty affecting the retail industry?
- What types of retailers are seeing the fastest growth in digital sales?
- What is the future of retail?
Retail in Italy
Retail in 2024: The big picture
Sustainability concerns having a growing influence on the market
Retailers investing in digitalisation strategies
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas Holidays
Easter
Valentine’s Day/Father’s Day/Mother’s Day
Summer Holidays/Back to School
DISCLAIMER
Convenience Retailers in Italy
KEY DATA FINDINGS
Convenience stores see growth despite competition from discounters
The first cashier-less convenience store opens in Italy
Rising interest towards sustainability and digitalization
Convenience stores expected to come under pressure from other channels
Technological innovation expected to drive growth
New purchasing habits should benefit convenience stores
Supermarkets in Italy
KEY DATA FINDINGS
Supermarkets see steady growth in 2024 supported by strong portfolio of private label products
Sustainable and responsible retailers are among the winners as Carrefour launches Pescherecci Italiani concept
Supermarkets becoming increasingly involved within local communities
A positive outlook for supermarkets in Italy with players likely to focus on regional and local suppliers
Growing role of artificial intelligence in supermarkets
Online grocery shopping likely to cannibalise in-store sales for supermarkets
Hypermarkets in Italy
KEY DATA FINDINGS
Hypermarkets focus on private label, promotions and improved efficiency to deliver growth in 2024
Pam Panorama finds success by focusing on quality, convenience and efficiency
Hypermarkets using artificial intelligence to enhance the shopping experience
An uncertain future for hypermarkets
Digital innovation likely to be a core focus of investment
Sustainability to become an increasingly important asset as consumers look to make more ethical choices
Discounters in Italy
KEY DATA FINDINGS
Discounters thriving in 2024
The economic crisis favours discounters with Eurospin returning to the top spot
Discounters investing in the future with a key focus on sustainability
Positive outlook for discounters as Italians predicted to remain budget conscious
Aldi to increase presence in Italy
Growth of private label and an increasing focus on sustainability
Small Local Grocers in Italy
KEY DATA FINDINGS
Small local grocers suffer from increasing competition from other channels
Small local grocers investing in a more sustainable future
Many threats hit small local grocers
Small local grocers to still survive in the market
SignorVino eyeing further expansion opportunities
Small local grocers will need to focus on Italian traditions but with one eye on the future
General Merchandise Stores in Italy
KEY DATA FINDINGS
Larger department stores thriving but some smaller players are on the ropes as pressures mount
Variety stores attract cash-strapped consumers
Action chain spreading across the country thanks to strong value proposition
Increased competition expected for general merchandise stores
Omnichannel strategies expected to flourish as players look to differentiate
Innovative digital strategies can help players stay ahead of the competition
Apparel and Footwear Specialists in Italy
KEY DATA FINDINGS
A difficult year for apparel and footwear specialists as more consumers shift online
New initiatives focusing on omnichannel strategies and sustainable actions
Retailers investing in sustainability
A difficult future predicted for apparel and footwear specialists
Leading players adopting strategies to stand out from competition
Digital transformation will play a key role in the future success of apparel and footwear specialists
Appliances and Electronics Specialists in Italy
KEY DATA FINDINGS
Appliances and electronics specialists struggle in 2024 as consumers look for savings
Players collaborate to increase their reach
Fnac Darty acquires Unieuro
Appliances and electronics specialists set to face fierce competition both from online and offline retailers
Sustainability concerns drawing attention from retailers and consumers
Players expected to look for new ways to compete with other channels and other retailers
Home Products Specialists in Italy
KEY DATA FINDINGS
Sustainability concerns influencing homewares and home furnishing stores
Pet shops and superstores focusing on adopting omnichannel strategies
IKEA Kreativ brings real innovation to the fingertips of consumers
Pet shops and superstores still full of potential
Expansion plans for ADEO Group
Smaller stores expected to open in city centres
Health and Beauty Specialists in Italy
KEY DATA FINDINGS
Pharmacies see a positive performance in 2024 but the channel faces mounting competition from e-commerce
Beauty specialists look for new ways to win over consumers in Italy
Naïma continues to expand its network of stores with it focusing on offering additional beauty services to win over consumers
Beauty specialists expected to focus on opening new outlets and increasing their ranges of products and services
Health and personal care stores predicted to see a positive performance over the forecast period
Health and beauty specialists set to explore new opportunities
Vending in Italy
KEY DATA FINDINGS
Vending continues to play a significant role in Italy with solid growth in 2024
Innovation and new product development boost vending sales
The rising importance of sustainability
Positive outlook for vending
Innovation and flexibility should help growth
New technologies to drive quality and growth
Direct Selling in Italy
KEY DATA FINDINGS
Direct selling comes under pressure as consumers are forced to rationalise their spending
Yves Rocher investing in new technology to get ahead of the competition
Direct selling companies branching out into new channels
Digitalisation could be key to gaining share
Vorwerk eyeing further expansion opportunities
The growing focus on sustainability likely to impact direct selling
Retail E-Commerce in Italy
KEY DATA FINDINGS
Retail e-commerce continues on positive growth path
Social media playing an increasingly important role in the growth of e-commerce
Importance of technological innovations and sustainability
Social commerce and voice commerce full of potential while AI looks set to play a significant role in the future of online shopping
Online marketplaces projected to play an increasingly central role in the growth and development of e-commerce
Innovation and conscious consumption set to inform the future of e-commerce in Italy
The following categories and subcategories are included:
Retail
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- Convenience Stores
- Forecourt Retailers
- Supermarkets
- Hypermarkets
- Discounters
- Warehouse Clubs
- Food/Drink/Tobacco Specialists
- Small Local Grocers
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- Department Stores
- Variety Stores
- Apparel and Footwear Specialists
- Appliances and Electronics Specialists
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- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
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- Beauty Specialists
- Pharmacies
- Optical Goods Stores
- Health and Personal Care Stores
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- Bags and Luggage Specialists
- Jewellery and Watch Specialists
- Sports Goods Stores
- Traditional Toys and Games Stores
- Other Non-Grocery Retailers
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- Fashion Vending
- Health and Beauty Vending
- Appliances and Electronics Vending
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- Alcoholic Drinks Vending
- Hot Drinks Vending
- Soft Drinks Vending
- Tobacco Products Vending
- Foods Vending
- Home Products Vending
- Other Products Vending
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- Apparel and Footwear Direct Selling
- Personal Accessories Direct Selling
- Eyewear Direct Selling
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- Beauty and Personal Care Direct Selling
- Consumer Health Direct Selling
- Tissue and Hygiene Direct Selling
- Appliances and Electronics Direct Selling
- Drinks and Tobacco Direct Selling
- Foods Direct Selling
- Home Products Direct Selling
- Other Products Direct Selling
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- Apparel and Footwear E-Commerce
- Personal Accessories E-Commerce
- Eyewear E-Commerce
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- Beauty and Personal Care E-Commerce
- Consumer Health E-Commerce
- Tissue and Hygiene E-Commerce
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- Consumer Appliances E-Commerce
- Consumer Electronics E-Commerce
- Toys and Games E-Commerce
- Drinks and Tobacco E-Commerce
- Foods E-Commerce
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- Home Care E-Commerce
- Home and Garden E-Commerce
- Pet Care E-Commerce
- Other Products E-Commerce
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- First-Party (1P) Marketplace E-Commerce
- Third-Party (3P) Marketplace E-Commerce
- Grocery E-Commerce
- General Merchandiser E-Commerce
- Apparel and Footwear Specialist E-Commerce
- Appliances and Electronics Specialist E-Commerce
- Home Products Specialist E-Commerce
- Health and Beauty Specialist E-Commerce
- Leisure and Personal Goods Specialist E-Commerce
- Other E-Commerce Retailers
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Retail
Retail is the sale of new and used goods to consumers from a business for personal or household consumption from retail outlets, kiosks, market stalls, vending, direct selling and e-commerce. Retail is the aggregation of Retail Offline and Retail E-Commerce. Excludes specialist retailers of motor vehicles, motorcycles, vehicle parts. Also excludes fuel sales, foodservice sales, rental transactions, and wholesale sales (e.g. Cash and Carry). Sales value excluding or including VAT/Sales Tax. Retail also excludes the informal retail sector. Informal retailing is retail trade which is not declared to the tax authorities. Informal retailing encompasses (a) sales generated by unregistered and unlicensed retailers, i.e. retailers operating illegally, and (b) any proportion of sales generated by a registered and licensed retailer that is not declared to the tax authorities. Unregistered and unlicensed retailers operate predominantly (although not exclusively) as street hawkers or operate open market stalls, as these channels are harder for the authorities to monitor than permanent outlets. Activities in the illegal market, which is usually understood to refer to trade in illegal, counterfeit or stolen merchandise, are included within our definition of informal retailing. Activities in the “grey market”, which is usually understood to refer to trade in legal merchandise that is sold through unauthorized channels – for example cigarettes bought legally in another country, legally imported, but sold at lower prices than in authorized channels – will be included as informal retailing if no tax is paid on sale by the retailer. However if the retailer pays tax – for example on cigarettes bought legally in another country but sold at a lower price than standard – the sale is included within formal retail.
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 Retail research and analysis database.
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