The beginning of November sales is not encouraging with consumer activity
13.11.2023 3195

The beginning of November sales is not encouraging with consumer activity

This year, the activity of consumer demand at the beginning of November sales lags behind last year. As follows from the “Check Index” review prepared by the fiscal data operator “OFD Platform”, the number of purchases on November 1–7 decreased by 4–7% year-on-year, writes Kommersant.

In the “Clothing and footwear” category at the beginning of November this year, the number of purchases turned out to be 8% lower year-on-year, although in October there was an increase of the same 8%.

At the same time, according to the OFD Platform, retailers at the first stage of sales recorded an increase in sales in monetary terms by 15%, which is associated with a price increase of 12–20% year on year.

The OFD Platform explains the decrease in consumer activity in November of this year by the effect of deferred demand, which was characteristic of last year: until the end of autumn, consumers adhered to the savings model. This year, on the contrary, many Russians approached the sales having already made large purchases, as indicated by good sales in October.

This year, the activity of consumer demand at the beginning of November sales lags behind last year. As follows from the “Check Index” review prepared by the fiscal data operator “OFD Platform”,...
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