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The recession is not slowing down, and sales are now expected to fall by 20% on Children’s Day next Sunday. The data comes from a report by the Institute of Mass Consumption Research (INDECOM), which surveyed wholesale and retail business for goods such as toys, electronics and clothing in high streets and shopping malls across the country between August 1 and 11.
The survey shows that this year Price increase Spanish Even more so than during the last childhood holiday (2023). However, Output data for 2024 shows that domestic products will grow faster than imported products, with Argentina’s industrial products growing by 250% and imports from top brands with a value up to 100% higher than that registered in 2023.
“For retailers, this is a much-anticipated celebration of the year, since it includes the sale of many items that have seen a significant drop in sales,” explains Miguel Calvete, president of the entity.
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The entity reports that it has fallen by 19.7% compared to the same celebrations in 2023. However, INDECOM said that it expects a 15% increase if the sales during last Christmas and the King’s celebrations are taken as a reference.
In this sense, the products with the biggest sales forecast for gifts next Sunday are
- Toys(25%),
- Clothing (20%),
- Sporting goods (18%)
- Computing and gaming (16%),
- Bicycles and skateboards (14%),
- Books (11%)
- Mobile phones (9%) and
- Shoes (7%).
In this regard, the study shows that these sectors experienced a decline of more than 15% in July, which increased the expectations of merchants. In this sense, in order to encourage sales, the report shows that “it was observed that merchants offered various promotions, including discounts of up to 40% and 12 interest-free installments on selected products.”
In another order, Calvert said that “unlike what has happened in the past, this year there are no significant price differences as in previous years, when some identical products (especially in toy stores) have seen price increases of up to 100% in different sales areas.”
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