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.

Impact of the coronavirus (COVID-19) on retail trade revenue in Finland in April 2020, by sector

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Source

Release date

April 2020

Region

Finland

Survey time period

April 2-6, 2020

Special properties

Member companies of the Finnish Commerce Federation

Method of interview

Online survey

Supplementary notes

This question was phrased by the source as follows: "Miten koronaepidemia on vaikuttanut yrityksen liikevaihtoon verrattuna vastaavaan ajankohtaan normaalisti?Arvio muutoksen suuruudesta, % yrityksistä?"

Missing percentage points to 100 percent are probably due to rounding.

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Statistics on "Economic impact of COVID-19 in Finland"

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