Soho
2011 Christmas is the worst for Italian retailers in 10 years
29.12.2011 2172

2011 Christmas is the worst for Italian retailers in 10 years

The 2011 Christmas of the year was the worst for Italian retailers to profit in the last 10 years, as the government’s savings measures in the fight against the debt crisis provoked a reduction in consumer spending, according to data from the Italian research organization Codacons. In particular, according to company estimates, Christmas expenses per person in Italy averaged only 48 euros, which is less than the average for the last 5 years. At the same time, the greatest impact was on the footwear and clothing sector, where Christmas sales fell by 30% compared to the same period last year.

In addition, the company is worried about the upcoming winter sales season in January. “It will be a failure,” Codacons President Carlo Rienzi said in the message. “Families don’t have the option to spend on non-essential assets, even with seasonal discounts. The decrease in the volume of consumer purchases can reach 30-40% compared to last year. "

Last Thursday, the upper house of the Italian parliament (Senate) adopted anti-crisis measures proposed by the government of Mario Monti aimed at stabilizing the economic situation in the country. Anti-crisis measures in the amount of 33 billion euros for the next three years were approved by the government in early December and adopted by the Chamber of Deputies on 17 on December. They include a number of steps aimed at achieving Italy a balanced budget in the 2013 year.
According to experts of the Federconsumatori research organization, each Italian family will cost 1,129 thousands of euros in a budget savings plan.

The level of consumer confidence in Italy in December fell to its lowest level in the last 16 years, while the country's GDP in the third quarter decreased by 0,2% compared to the previous quarter. At the same time, the country's authorities expect a further recession in the Italian economy, which could mean the fourth recession since the 2001 of the year. So, a country can return to GDP growth only in the second half of the 2012 year. It is reported by RIA Novosti.

 The 2011 Christmas of the year was the worst for Italian retailers to profit in the last 10 years, as the government’s saving measures in the fight against the debt crisis provoked a reduction
5
1
Rating

Latest News

Geox chose actress and TV presenter Yulia Vysotskaya as brand ambassador

The Italian brand Geox presented its first brand ambassador in Russia, actress and TV presenter Yulia Vysotskaya, and presented a new capsule collection of shoes and accessories for the spring-summer 2023 season, on which Geox designers worked…
09.12.2022 282

In St. Petersburg and the region, the volume of commissioning of warehouse real estate approached a record

According to the consulting company Nikoliers, in 2022, about 343 sq. m of quality warehouse space. This is 2,1 times higher than the figure for the whole of 2021, when…
08.12.2022 339

Uzbek shoemakers gather at Euro Shoes

Yan Belyaev, founder of the Euro Shoes premiere collection exhibition, and Uzcharmsanoat Fahriddin Boboev, chairman of the Association of Footwear Manufacturers of Uzbekistan, met at the BIOT-2022 international exhibition in Moscow and confirmed the importance of participation…
08.12.2022 267

Bata launches shoe collection made from recycled plastic bottles

Bata presented a collection of their Power brand called Love Ocean. The collection includes athletic-style shoes with lightweight and breathable uppers made from recycled single-use plastic bottles.
07.12.2022 322

Stores of Turkish brands will open instead of Mark & ​​Spencer and Gap in Russia

Stores of Turkish fashion brands Network, Beymen, Mudo will open at Mark & ​​Spencer and Gap squares, which are shutting down business in Russia, the telegram channel reports…
07.12.2022 503
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning