The European landscape of young high growth enterprises (Gazelles) in cultural and recreational goods retail is diverse. In 2023, Hungary led with 9 enterprises, followed by the Czech Republic with 4. Romania, Italy, Slovakia, and Portugal each had 2. Year-on-year growth from 2022 was strongest in Hungary and Slovakia at over 14%, while Italy saw no change. The five-year CAGR highlights Hungary’s upward momentum, exceeding regional counterparts.
Future trends to watch include digital transformation across retail, influencing growth prospects for Gazelles. Additionally, shifts in consumer behavior towards sustainability and experiential retail could redefine market dynamics, creating opportunities for expansion and innovation.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Cultural and Recreational Goods Retail in Specialised Stores by Country
| # | 6 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 9 | 2023 | +28.57% | +17.61% | View data |
| 2 | 2 Czech Republic | 4 | 2023 | +33.33% | +5.92% | View data |
| 3 | 3 Romania | 2 | 2023 | 0% | +14.87% | View data |
| 4 | 4 Italy | 2 | 2023 | 0% | 0% | View data |
| 5 | 5 Slovakia | 2 | 2023 | +100% | +14.87% | View data |
| 6 | 6 Portugal | 2 | 2023 | 0% | +5.92% | View data |
