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Articles

Dutch Retail Industry Grew by Nearly 5% in the First Quarter of 2017

Written by: Bridgewest

Dutch-retail-industry-registered a-5-growth-in-the-first-quarter-of-2017Many young enterprisers from EU countries move to the Netherlands in order to start their own businesses here. They are encouraged by the government to open startup companies in the Netherlands in many industries, yet during the first quarter of 2017 it was retail that stood up among the other prolific sectors of the economy. Our Dutch company formation consultants can assist investors who want to open various types of stores in this country.

Both Dutch traditional and online shops reported increases

According to the National Statistics Office (CBS), the Dutch retail sector registered a total growth of 4.8% in the first three months of 2017 compared to the same period of last year. The proportion between Dutch online stores and brick-and-mortar ones was not as proportionate as it was last year, considering the number of online sales rose by 14.8% on a year-to-year basis. However, the two sectors of the retail industry combined grew by 16.4% on an annual basis compared to the 13.6% announced last year.

The change in the Dutch retail industry started early last year, as large stores started to enhance their online presences while still maintaining their physical locations. Moreover, it was a common trend among Dutch retail companies to have both traditional and online shops with the purpose of increasing their reach to customers and reducing operating costs.

Our company registration consultants in the Netherlands can offer more information on how to start an online shop.

What were the types of shops selling the most since the beginning of the year?

According to the CBS, food stores registered a 3% increase during the first quarter of the year. On the other hand, the increase reported by non-food shops was 4.1% with the surprise that home furnishings companies announced the highest growth. Dutch residents were mostly interested in buying DIY (do-it-yourself) products and kitchen furniture. This segment of the retail industry rose by 10.8% in the first months of 2017.

If you are interested in starting a business in the Netherlands and have decided for the retail industry, we invite you to contact us for assistance in registering the company. We can also help open a Dutch company in other economic sectors.

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