Change in retail companies' revenue due to COVID-19 in Finland April 2020, by sector
According to a survey from April 2020, around half of the companies operating grocery stores and supermarkets in Finland reported that their sales revenue increased due to the coronavirus (COVID-19) pandemic. However, at the same time almost 40 percent of the companies in this sector estimated that their sales revenue decreased.
Specialty and department stores were worst hit by the coronavirus, as 87 percent of the companies reported decrease in their sales revenue and 50 percent of the companies lost more than half of their revenue. In addition, the companies working in the wholesale sector, excluding technical whole sale, suffered major losses.
In total, roughly 67 percent of all the retail companies experienced some decrease in their revenue as a result of the coronavirus pandemic.
Specialty and department stores were worst hit by the coronavirus, as 87 percent of the companies reported decrease in their sales revenue and 50 percent of the companies lost more than half of their revenue. In addition, the companies working in the wholesale sector, excluding technical whole sale, suffered major losses.
In total, roughly 67 percent of all the retail companies experienced some decrease in their revenue as a result of the coronavirus pandemic.
