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Number of retail outlets up 0.3% yr/yr in 2005

There were 166,700 retail outlets in Hungary at the end of December 2005, 0.3% more than twelve months earlier, the Central Statistics Office (KSH) reported on Monday. About 24,900 new shops opened in 2005, and 24,400 shops shut down.

The number of retail outlets fell 0.3% in Q1 and 0.1% in Q2, but rose 0.2% in Q3 and 0.3% in Q4. The rise in the number of retail outlets slowed further in 2005. In 2003, the annual increase was 1.1% compared to just 0.6% in 2004.

Of the 116,741 shops operating at the end of December 2005, 48,622 sold fast-moving consumer goods (FMCG), 155,462 sold non-food products, 9,127 sold vehicles and parts and 2,152 sold vehicle fuels. FMCG shops accounted for 29.2% of total number of retail outlets, down 0.7 percentage points from a year earlier, and down 1.7 percentage points compared to two years earlier.

 

The average area of retail outlets was 104 square meters last year, 2 square meters more than one year earlier.

 

The number of shopping centers rose 10 to 64 last year. The number of hypermarkets increased 15 to 91, and the number of specialist stores 5 to 63. Tesco opened six new hypermarkets last year, while Interspar and Auchan each added one hypermarket to their chains. Buy-Way, a new type of retailer, opened its first store in Hungary in 2005. Of all retail outlets, 97,079 were operated by companies, 69,170 by self-employed individuals and 492 by other organizations. The number of self-employed individuals in the retail trade fell 2,000, the number of companies rose 2,544, and the number of other organizations dropped 7.