Retail industry – Q4/2022 Review: A bleak quarter for retailers
- The spillover effects of global the economic downturn on the retail industry began to hit financial performance in Q4/2022 in the aftermath of poor consumption demand amidst squeezing disposable income. This negative scenario is likely to persist through 1H 2023
- We anticipate that the retail market will experience a stronger rebound in 2024. This means that retailers’ financial performance can get back on track in 2H 2023
- Except for PNJ, the rest of the retail companies in our coverage experienced negative year-over-year growth in Q4/2022.
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