Department Stores - Italy - April 2016
“The recovery in the Italian economy has been weak, but in 2015 consumer spending was the driving force of what little growth there was. This has helped the two leading department store chains to both deliver positive growth, but La Rinascente is the clear winner with its premium offering and larger stores posting growth of around 17%. However, we think that both are missing out on online sales at home and abroad, something that will become more acute as e-commerce in Italy grows in importance.”
– Thomas Slide, Retail Analyst
This report discusses the following key topics:
- Online continues to lag behind
- Battle for youth
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