It is predicted that retailers’ first quarter economic outlook will slightly decrease from the fourth quarter of last year and will not be able to get out of the bog of Corona 19.
On the 13th, the Korea Chamber of Commerce and Industry announced that the’Retail Distribution Business Outlook Index (RBSI) for the first quarter of 2021′ surveyed of 1,000 retail companies was counted as 84.
This is lower than 85 in the fourth quarter of last year. If the RBSI exceeds the threshold of 100, the economy will improve, and if the RBSI is less than 100, the economy will deteriorate.
By business type, only the online and home shopping sectors exceeded the standard (100), indicating 114. Hypermarkets were the lowest at 43, followed by convenience stores (61), supermarkets (65), and department stores (98).
In particular, hypermarkets fell 11 points from the previous quarter, recording the lowest forecast.
Convenience stores fell 17 points from the previous quarter, with the largest decline in the industry. The winter season, when the floating population decreases, is the off-peak season for convenience stores, and the increase in competitive channels such as online shopping and delivery service platforms has had a negative impact.
Retailers most often cited’profitability improvement’ (42.6%) as their key strategy for the future. This was followed by’strengthening online/offline connection’ (34.6%) and’strengthening online business’ (20.2%).
As the government support plan,’distribution regulation elimination and easing’ (34.7%) is the most cited, and distribution regulation is an analysis that aggravates the management difficulties of distribution companies.
Deok-ho Suh, head of the Distribution and Logistics Promotion Agency of the Daehan Sangsang, said, “With Corona 19, national consumption promotion measures are urgent, and the current offline distribution regulations are also required to be reviewed, reflecting the change in the competitive structure of the distribution industry.”
Reporter Baek So-yong email@example.com
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