More gaps in the food trade
food retailers are increasingly complaining about supply problems. 80 percent of the food retailers surveyed by the Ifo Institute in June reported supply bottlenecks. In May, the figure had been 66 percent. "Retailers continue to face difficult negotiations with manufacturers on prices and conditions for certain goods. Delivery stops by manufacturers and the delisting of certain products by retailers are means of pressure used in this context," Ifo expert Patrick Höppner said in Munich on Friday.
In contrast, there was a clear easing in the clothing trade, where only 19 percent of respondents reported delivery problems in June. The situation also improved noticeably at home improvement stores and furniture stores.
Overall, retailers assessed their business situation in June as worse than in May. Business expectations for the rest of the year are predominantly pessimistic. Many retailers are feeling the reluctance of consumers to spend, and price-adjusted sales have recently fallen in many areas," said Höppner./rol/DP/men (dpa)
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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