Nielsen: Grocery store numbers down 5%
The number of grocery stores operating in Hungary was down 5%, to 17,729, in the 12 months leading up to January 2015, according to data compiled by market research company Nielsen, Hungarian news agency MTI reported yesterday.
Most store closures were in Budapest, Pest County and in western Hungary. Approximately 55% of the country’s grocery stores are smaller than 50 sqm and roughly one-third are between 51 and 200 sqm.
Only a little more than 10% are above 200 sqm. Legislation, which came into effect in the spring requires most retailers larger than 200 sqm to remain closed on Sundays. There are currently 19 grocers in Hungary for every 10,000 residents, well over the respective seven and five in Austria and Germany, Nielsen added.
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