Slowdown to affect grocery retailing in Europe

01/27/2009 | Australian Food News

The challenging economic landscape will adversely affect six main areas of the European grocery sector, according to Verdict Research. Organics, sales of non-food products at grocery stores, mergers and acquisitions are among the areas that will be hit by the downturn. "While grocers are to a certain extent insulated against the downturn that is severely hurting the rest of the retail sector, the effects of the credit crunch and the onset of the global recession will still be felt across the European grocery market," said Daniel Lucht, European retail analyst at Verdict Research.

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