Italy’s retail sales fell -0.5% MoM in both value and volume terms in March 2025, marking a broad-based decline across distribution channels.

• Retail sales volume declined -0.5% QoQ and -4.2% YoY; value was down -0.2% QoQ and -2.8% YoY.
• All retail channels posted YoY declines: large-scale (-2.6%), small-scale (-3.1%), non-store (-4.7%), and online (-1.3%).
• Non-food sales were especially weak, with sharp YoY drops in stationery/books (-4.5%) and shoes/leather goods (-4.2%).
• Only cosmetics (+1.8% YoY) and pharmaceuticals (+0.6% YoY) saw growth in March.