What: Eurocommerce argues that the retail industry is willing to work hands in hands with the EU, but overregulation is not helping.

Why it is important: Department stores in Europe are at the crossroads of many constraining regulation areas.

EuroCommerce, representing the retail and wholesale sector, held a summit to discuss the industry's impact on the EU's competitiveness, emphasizing the sector's potential in achieving the EU Green Deal and digital euro adoption. Highlighting the sector's role as a major employer and contributor to GDP, they called for a partnership approach in policymaking. However, regulatory challenges were noted, with a call for a better understanding of the sector's role and needs to enhance the EU's competitiveness and sustainability goals.

Is EU overregulating retail?