EHI Shop Monitor 2020 German retailers invest billions in stores
"The focus is clearly on conversion and renovation measures," says EHI shop-fitting expert Claudia Horbert, "but investments in new openings are also being increased again across all retail sectors.
Food stores, drugstores and price-oriented non-food speciality stores showed particularly strong growth. Food retailers invested 735 euros per square metre of sales area - 15 per cent more than three years ago - in shop fitting and store design.
The EHI sees the background for this plus in the regular listing of new products, especially in the convenience range, an expansion of the gastronomic offers and "trading-up" measures. In addition, expenditure on energy-efficient refrigeration technology has also influenced the investment behaviour of traditional retailers.
Investments by drugstores rose by 10.3 per cent to 505 euros per square meter of sales space. (nis)
This text was originally published in German and machine-translated into English.