Czech e-commerce grows by 20% thanks to coronavirus

Published: 29.04.2020 Related countries:  Czech Republic Czech Republic

Revenues from domestic online stores could rise by 20 percent to a record CZK 190 billion in 2020, due to the coronavirus epidemic, according to the Czech Association of E-commerce.

The coronavirus crisis caused a growth in the Czech e-commerce segment by roughly 20%. The segment will reach a threshold of CZK 190bn. The information was provided by the Electronic Commerce Association (APEK) adding that the original estimations showed a growth by approximately 15%. Many new customers are using online shopping and Italian online shops saw a growth in the number of clients by 2 million. Different e-commerce segments register a growth in sales in a range from dozens to hundreds of percent. Approximately one fifth of e-shops register decreases. This primarily applies to fashion.

Source: CIA

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