Retail market in Poland Q2 2022

According to data from the Central Statistical Office, retail sales in constant prices increased by 9.1% in H1 2022 when compared to the corresponding period in 2021. The highest results were recorded in May (+23.6% y-o-y) and April (+19.0% y-o-y). Nevertheless, when taking into account monthly changes, retail sales have slowed. After a rapid growth of sales in March 2022 by 16.4% when compared to February 2022, sales have remained stable in the last three months.

The total supply of modern retail space currently amounts to approx. 13.1 million sq m GLA, including "convenience" formats (below 5,000 sq m GLA), which are very popular among developers and investors. In H1 2022, the market expanded by 121,100 sq m GLA of new retail space. The new space completed in the last 6 months consisted mostly of retail parks of different types (91%).

In line with an intensive development of “convenience” retail formats, a dynamic expansion of some retailers’ categories typical for such types of schemes, i.e. multi-discipline discount stores (the so-called “value retailers, e.g. Action, Pepco, Tedi), grocery chains, drugstores and stores focused on electronics and sportswear, is being observed.

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