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June 1, 2021

FSO data shows Swiss retail sales increased in April

Switzerland has posted record retail sales growth in April compared to the corresponding month last year.

The Swiss Federal Statistical Office (FSO) has released provisional findings showing that retail turnover adjusted for sales days and holidays in the country rose by 34.8% in nominal terms in April.

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The FSO said that these results were largely due to weak performance last April, owing to the Covid-19 lockdown and other safety measures introduced that month.

According to the FSO’s findings, real turnover adjusted for sales days and holidays grew by 35.7% in the month. Nominal turnover adjusted for sales days and holidays in the sector rose by 35.1% year-on-year (YoY), with the exception of service stations.

The retail trade turnover, excluding service stations, shows a 10.7% nominal increase in April when compared to the results recorded in April 2019.

The nominal turnover shows an 8.8% drop when service stations are included in the two-year comparison.

During the month, the retail sector, excluding service stations, showed a seasonally adjusted decline in nominal turnover of 4.6%.

Retail trade of food, drinks and tobacco increased by 11.8% in nominal turnover during this period. The two-year comparison of turnover in this sector shows a growth of 15.7%, according to the FSO.

The non-food sector posted a 73.1% nominal increase in the month compared with the previous year.

The two-year comparison in the non-food sector shows an increase of only 7.5%. The FSO said that the increase in sales in the non-food sector is ‘not only’ due to a low month in the previous year.

The FSO said that the retail trade turnover statistics were based on a random sample of almost 4,000 businesses.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
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  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
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by GlobalData
Enter your details here to receive your free Report.