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More Moderate Growth in Domestic Online Retail Sales

Jun 6, 2023

According to Reacty Digital's annual online retail survey, domestic online retail sales reached HUF 1,378 billion in 2022, with a more moderate growth of 8% compared to recent years. In a summary sent to MTI on Tuesday, it was reported that during the coronavirus outbreak, due to the closures, more people shopped online more often […]

Lidl Hungary 2022 Hungarian Wine Sales: HUF 14.2 Bn

Apr 28, 2023

Lidl Hungary sold Hungarian wine worth HUF 14.2 billion at home and abroad, with sales up by almost 60% in five years, the supermarket chain told MTI. Export sales have reached 15 million bottles, with Furmint, Királyleányka and Szürkebarát being the most popular Hungarian wines abroad. The offer is wide-ranging, with products from family wineries […]

Spar's Turnover Up by Over 15% Last Year

Apr 19, 2023

The retail chain Spar Hungary achieved gross sales of HUF 915.7 billion in 2022, 15.6% more than in the previous year, the company's CEO, Gabriella Heiszler said at a press conference in Budapest on Wednesday. There was a minimal year-on-year decline in the volume of products sold last year, with a very strong first half […]

Major Development in Tesco's Hungarian Stores

Mar 30, 2023

Tesco refurbished 25 of its stores in the 2022/23 financial year ending in February. The refurbishments have involved 12 hypermarkets and 13 convenience stores across Hungary to provide customers with a nicer shopping environment and workers with a more comfortable working environment. The HUF multi-billion improvements included optimizing the size and design of the stores' […]

Over 2,000 Retail Outlets Closed in Hungary in 6 Months

Dec 27, 2022

Many have warned that retail closures could intensify this year, most of which have been put off until the second half of the year due to worsening problems. However, the first half of the year has already seen some very negative numbers, with more than 2,000 retail outlets closing down, the financial website writes. […]

JYSK's Turnover Up by almost 20% in Hungary

Nov 29, 2022

JYSK's sales revenue in Hungary increased by 19% to HUF 67.6 billion in the financial year from September 2021 to August 2022, while its EBIT for the whole company amounted to HUF 12.49 billion, an increase of 0.4%, the home furnishing chain informed the state news agency MTI on Tuesday. The turnover of the trading […]

Inflation and Prize Freezes Hit Spar Hungary Too

Oct 31, 2022

“Cashiers and stockers complain a lot that customers are nervous, that prices are falling because of them," the top manager at Spar Hungary, Gabriella Heiszler, said in an interview with the Hungarian Forbes magazine. In fact, after a purchase, all she could say when seeing the bill is "oh my goodness," she is quoted by […]

Domestic Sales of Used Cars Fell in September

Oct 19, 2022

Compared to September last year, domestic sales of used cars declined in the previous month, but have been increasing since the beginning of the year compared to the same period last year, [‘Good Cars’] told the state news agency MTI on Wednesday. According to Datahouse, 68,586 used cars were sold in Hungary in September, […]

Dynamic Growth in E-Commerce Sales in Hungary

Sep 19, 2022

The e-commerce market in Hungary is growing dynamically, with turnover in 2021 reaching more than HUF 1,200 billion, up 32 percentage points in the past year, according to a representative Payment Experience Report, supported by Mastercard, which was published in a statement on Monday. Mastercard's marketing manager in Hungary, Péter Mondovics, said in the statement […]

Used Car Sales in Hungary May Break Last Year's Record

Aug 19, 2022

By the end of July, 498,800 cars had changed hands on the used car market in Hungary, 5.8% more than a year earlier, and the more active than ever before turnover indicates that last year's record of 817,000 cars sold could be broken, JóAutó [‘Good cars’] reported on Friday, based on data from Datahouse. The […]

Automated Container Store Developed by Kende Gastro

May 16, 2022

Kende Gastro Plc. has unveiled Hungary's first automated container store using artificial intelligence; the company is the exclusive European distributor of the technology and plans to expand to neighboring countries, Gábor Kende, founder and CFO of the company, told the state news agency MTI. The automated stores do not require staff, including cashiers, and use […]

Sales in Hungarian Retail Shops Up by 9.8% in February

Apr 6, 2022

In February 2022, the volume of retail trade in both raw and calendar-adjusted data in Hungary was 9.8% higher than in the same month of the previous year, the country's Central Statistical Office reports. In February, calendar-adjusted sales volumes rose by 3.4% in specialised and non-specialised food shops, by 14.6% in non-food retailing and by […]

Retails Sales Up in Hungary by 6.2%

Feb 3, 2022

In December 2021, the volume of sales in retail trade increased by 6.7% according to raw data and by 6.2% when adjusted for calendar effects compared to the same period of the previous year, Hungary’s Central Statistical Office reports. Calendar-adjusted sales volumes rose by 2.7% in specialized and non-specialized food shops, by 8.7% in non-food […]

Most Hungarian New Car Buyers Prefer Hybrid/Electric

Feb 1, 2022

When asked about future car purchases, 72% of Hungarian car buyers say they would choose either a hybrid or electric car. This figure is 44 points higher than the percentage of Hungarians who said they would buy a diesel or petrol vehicle (28%). More specifically, 37% would purchase a hybrid vehicle and 35% would opt […]

Best Selling E-Commerce Items in Hungary

Feb 1, 2022

Online sales of food, household goods and drugstore products grew by almost 45% in Hungary in the first nine months of last year, and this sector grew fastest in online retail in 2021, according to a research by GKI Digital Online Retail Big Picture. According to the summary sent to the state news agency MTI, […]

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