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Big Innovation Coming to IKEA Stores in Hungary

Aug 25, 2023

IKEA launched the ‘Shop & Go’ service in all three of its Budapest stores in August, allowing shoppers to scan the items in their shopping cart on their mobile phones using the IKEA app, and then scan the QR code to pay at the express checkout, according to a company statement published by the financial […]

Sales in Hungarian Retail Shops Fell by 12.6%

Jun 6, 2023

In April 2023, the volume of sales in retail trade – along with a significant base effect - decreased by 13.6% according to raw data and by 12.6% when adjusted for calendar effects compared to the same period of the previous years. It is reported to be largest decrease in Europe. Calendar-adjusted sales volumes decreased […]

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' […]

Fuel Sales Help Hungarian Retail Trade Figures

Dec 5, 2022

In October 2022, the volume of retail trade in both raw and calendar-adjusted data was 0.6% higher than in the same month of the previous year in Hungary, the Central Statistical Office reports. Details reveal that that in October, calendar-adjusted sales volumes decreased by 5.6% in specialized and non-specialized food shops and by 0.9% in […]

Energy Crisis Plan for Hungarian Shops

Aug 27, 2022

In the midst of the current severe energy crisis, the member businesses of the Hungarian Trade Association (OKSZ) – distributors of all sectors, including food, drugstore, various industrial goods such as clothing, toys, furniture, technical and DIY – have been looking at how they can operate more cost-effectively than ever before, as the drastic increase […]

More and More Foreigners in Hungarian Shops

Jul 6, 2022

A weaker Forint means that foreigners can shop cheaper in Hungarian shops. The Hungarian currency (HUF) is sinking to new lows, with the euro crossing the 410 forint level on Wednesday and the dollar above HUF 400. The weakening forint could make shopping in Hungary cheaper for consumers from neighbouring eurozone countries, such as Slovakia. […]

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 Retail Shops Up by 5.7%

Dec 4, 2021

In October 2021, the volume of retail trade in both raw and calendar-adjusted data was 5.7% higher in Hungary than in the same month of the previous year, the country's Central Statistical Office reports. In October, calendar-adjusted sales volumes rose by 3.4% in specialised and non-specialised food shops, by 6.3% in non-food retailing and, as […]

A Lot of Shops Have Disappeared in Hungary

Oct 2, 2021

Over the past five years, 18,000 shops have closed in Hungary, leaving a retail network of 116,000 shops at the end of last year. And there are huge differences in daily spending across the country, the business news site reports. The number of retail outlets including tobacco shops has decreased significantly in recent years, […]

Sales in Hungarian Retail Shops Up by 10.6%

Jun 4, 2021

In April 2021, the volume of retail trade increased by 9.9% in raw data and by 10.6% in calendar-adjusted data, compared with the same period of the previous year, as a result of the gradual lifting of restrictions from mid-month, and the low point in April last year. In April, calendar-adjusted sales volumes rose by […]

Changing Consumer Habits in Hungary

Feb 28, 2021

As a result of the coronavirus epidemic, consumer habits have changed and the composition of the consumer basket has also changed, according to a new survey. A research conducted by Mónika Garai-Fodor, Dean of the Károly Keleti Faculty of Economics at the University of Óbuda and Ágnes Csiszárik-Kocsir, Deputy Dean for Research shows that the […]

Retail Sales Down Year-on-Year in Hungary

Nov 5, 2020

In September 2020, the volume of sales in retail shops decreased by 1.6% according to raw data and by 2.0% when adjusted for calendar effects compared to the same period of the previous year.  Providing the details, a fresh report by the Central Statistical Office says that the volume of sales, adjusted for calendar effects, […]

Trade Union Calls for Shorter Shop Opening Hours

Nov 12, 2019

The Independent Trade Union of Retail Workers (KDFSZ) has called on Budapest Mayor Gergely Karácsony to put forward a proposal limiting Sunday shop opening hours in Budapest, daily Magyar Nemzet reported. The trade union wants supermarkets with a floor area exceeding 400 square meters to be open only until 2 pm on the last day […]

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