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Consumer electronics shops hard hit by crisis

Thursday 21 February 2013

The Netherlands' consumer electronics shops saw combined sales fall 15% to €1.7bn last year, according to retail research group GfK.

The main reason for the slump is low consumer confidence and a fall in television sales because most households now have a flat-screen television, GfK said. Even the European football championships, which usually boost television sales, failed to have a significant effect.

In the last quarter of the year, which includes Sinterklaas and Christmas, sales were down 18%.

© DutchNews.nl


Readers' Comments

I'm not surprised. Prices for electronic goods are held artificially high in the Netherlands compared to other countries. Online retailers in the UK and Germany regularly offer prices over 50% better than those on offer through the big Dutch high street "discount" stores including free shipping! Hopefully Dutch stores will start to take notice now and make their prices more reasonable.

By John | 21 February 2013 11:41 AM

Thanks to the 21% VAT rise ? and now the massive rise of rents soon will finish the job.

By keene | 21 February 2013 12:18 PM

Not only electronic goods with high prices. Look at Kindle books - USA vs NL. Or Vitamins - 3 times higher

By Bruce | 21 February 2013 2:16 PM

Most people already have a flatscreen? Nice generalization, there, guy. Perhaps the electronics superstores are suffering because it is much easier and more convenient to shop online, plus you don't have to deal with potential unhelpful and stuckup workers at MediaMarkt.

By Stupid | 21 February 2013 11:48 PM

Their sales are down because they are hilariously overpriced and you can order from Amazon UK or suchlike to save yourself wads of cash. If they actually asked competitive prices, they might see better business.

By bobbianderson | 22 February 2013 4:10 PM

It's not about crisis ,but the electronics are highly overpriced here ( greed,taxes ,both..)...and more than 50% of electronics are simply re-selled from websites like [autocensored] ,but with doubled or tripled the price.

By Happy buyer | 25 February 2013 10:29 AM

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