Hello and welcome to this quarter’s Retail Report. Are you eager to know more about the evolutions of the non-food market in this third quarter of 2017? Then you’ve come to the right place.
The third quarter of 2017 shows green figures by noting a 1.2% growth in non-food sales compared to the same period last year. On a year-to-date basis, this results in an almost flat result of +0.5% compared to the first three quarters in 2016.
After a heavy second quarter, the CE market is stabilizing and grows 0.5% in value, the volume on the contrary decreases with 2%.
During the third quarter of 2017 the IT and Office Equipment market increased in value by almost 8%, for a total value of close to 497 Mio €. The best quarter of this year. For the first 9 months of 2017 the increase was +2% for a total value of just over 1.435 Mio €.
A while ago we predicted the saturation of the Smartphone market, however for Q3 the numbers are much worse than expected, we are talking about a decline of -9% in value and -13% in units. Is this really happening? Is the smartphone market really declining so fast?
The July sales were again very prolific for the domestic appliance industry. The Sales months continue to gain in importance since online retail is also lurking. In general, a modest growth in units was completely offset by declining average prices in almost all product groups.
The market of small domestic appliances increased 9% in value with significant growth numbers in all segments.
While DVD and Blu-ray sales are persistently impacted by the accelerating rise of streaming services, surging CD and Console Gaming sales lead the physical home entertainment market to a growth of 9.9%.
Unfortunately, the total Stationery market has not yet recovered its growth. In volume, we are ending Q3 with a -0.8%, but the decline is mainly seen in revenue with -3.8%.
Turnover generated in the Belgian Home Improvement market fell by approximately 30 million EUR in the third quarter of 2017, down 3.9 percent from the same quarter last year. In particular, retail spending on gardening categories has been in steep decline, resulting in a loss of almost 20 percent compared to the quarter in the previous year.
We are happy to report that the Fashion Market is back on track after 3 quarters, with a growth in value of +1.2% compared to the same 9 months last year.
When it comes to the factors that make up ‘the good life’, the top three most popular items selected by people internationally are good health, financial security and leisure time. These are followed by a happy marriage, travel for leisure, a home you own, and control over one’s life.