In a period of discounts the vast majority of stores.
The clothing and footwear sector is expected to take off during the sell-off period, said POVEK General Secretary Stefanos Koursaris.
From the weekend, the sales in many clothing and footwear stores officially started. Although many stores had started the discounts earlier, last weekend most of the stores went through a discount period. Both in shopping malls and on shopping streets throughout Cyprus, there was increased traffic over the past two days, with consumers wanting to take advantage of low prices.
The honorary of… clothes
According to POVEK General Secretary Stefanos Koursaris, the clothing and footwear sector is expected to take off during the sell-off period, as most consumers turned to the electronics market during the holidays.
We believe, said Mr. Koursaris, that companies entering the field of clothing and footwear supply in a legitimate way, will be able to cover this reduction in their sales. POVEK invites all entrepreneurs to give quality products to the consumer, and really low prices so as to ensure him as a customer.
For his part, the consumer, he explained, should be suspicious, observe the existence of a double indication of the price on each product, before and after the discount, while pompous advertisements should scare the consumer rather than provoke him to shop. .
"Be careful"
At the same time, the President of the Pancyprian Union of Consumers and Quality of Life, Loukas Aristodimou, called on consumers to be especially careful not to fall into traps. Mr. Aristodimou stated that now the consumer knows that the discounts start at the beginning of January and so it is planned in advance for the purchases that will
does.
According to Mr. Aristodimou:
"The consumer must be pre-programmed for the products on the market, to know the prices before the discounts, so that they can not be fooled." At the same time, it calls on the service of the Ministry of Commerce to carry out the necessary checks, in order to verify that the prices listed on the cards are two (the previous one and the one with the discount).
Asked when the discount period ends, the President of the Pancyprian Consumers' Union pointed out that there is no legislation for the duration of the discount period. Specifically, added Mr. Aristodimou, everyone ends the discount period whenever they want. Mr. Aristodimou noted that some stores have offered discounts since December 27.
On retail in Cyprus
The seasonally adjusted volume of retail trade fell by 0,4% in the euro area (EA19) and by 0,1% in the EU-28 in November 2016, compared to October 2016, according to preliminary estimates. Eurostat. In October, the volume of retail trade increased by 1,4% in the euro area and by 1,3% in the EU of 28. In November 2016, compared to November 2015, the increase was 2,3% in euro area and 3,4% in the EU-28.
Cyprus, according to the relevant procedure, announced data for October 2016 with an increase of 2,2% on a monthly basis and 6,9% on an annual basis. On a monthly basis, the decrease of 0,4% in the volume of retail trade in the euro area in November 2016 compared to October 2016 is due to the decrease of 0,9% for non-food products and 0,4% for the category "food, beverages and tobacco", while fuel increased by 1,0%. In the EU-28, the 0,1% decrease in the volume of retail trade was due to a decrease of 0,3% for both non-food products and the category "food, beverages and tobacco", while fuels increased by 0,5%.
Reductions in Germany, Austria, Portugal
Among the Member States for which data are available, reductions in the total volume of retail trade were observed in Germany (-1,8%), Austria and Portugal (both -1,3%) and Denmark ( - 0,3%), while the largest increases were recorded in Luxembourg (+ 6,2%), Estonia (+ 1,7%), Romania, Slovenia and Slovakia (everywhere + 1,4%).
On an annual basis, the increase of 2,3% in the volume of retail trade in the euro area in November 2016 compared to November 2015, is due to the increase of 2,9% for non-food products, 1,9% for car fuel and 1,8% for "food, beverages and tobacco". In the 28-nation EU, the 3,4% increase in retail volume is due to increases of 4,7% for non-food products, 2,3% for car fuels and 2,1% for food and beverages. and tobacco ".
Among the Member States for which data are available, the largest increases in total retail volume were observed in Luxembourg (+ 12,4%), Slovenia (11,3) and Romania (+ 9,5%), while decrease in Belgium (-0,2%).
Source: SigmaLive