Concentration increases on Hungary's retail market - extended

Tourism

The number of retail units in Hungary fell 780 units or 0.5% in the Q3 of 2006, the Central Statistics Office (KSH) reported on Tuesday.

The number of shops fell almost 300 in the Q1, but rose more than 400 in the Q2, only to fall about 780 in the Q3. The number of mom-and-pop shops fell 1,357 in July-September, showing the market's increasing concentration. Total retail business space rose 288,000 square meters in January-September, including an 11,000 square meter increase in Q3, to 17.561 million square meters.

The average space per store rose slightly from 104 square meters to 106 square meters during the period. In Q3 2006, the concentration of retail businesses in Budapest and Central Hungary continued. Budapest accounted for 20% of all retail businesses and Central Hungary accounted for 30% of the total. The remaining regions had a share of 10%-15% each. The number of retail units decreased 37 in the capital, 333 in towns and 410 in villages. The number of FMCG shops decreased 297 in Q3.

The number of greengrocers decreased 117, the number of apparel stores fell 102 and the number of non-food retail shops was down 238. The number of petrol stations and car parts shops rose 29 in Q3, the number of cosmetics shops increased 28 and the number of other non-food stores increased 71. The number of companies operating shops decreased 865.

The number of shops operated by a single shop owner decreased 1,400, bringing the share of these shops to 40.3% of the total. The number of companies operating just one shop fell 328 in the case of FMCG shops, while declining 127 for apparel shops and dropping 212 for other non-food stores. The figures show an increasing number of companies which operate more than 10 shops. (Mti-Eco)

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