Press Release: A Budget that leaves more funds in people’s pockets, encourages work and investments
11 October 2021
Ignores however the negative effects of the Greylisting on SMEs The Malta Chamber of SMEs...
GRTU has assessed once again the
performance of business prior, during, and followed by sales during the festive
season. This survey was carried out amongst various sectors within GRTU.
The sectors include the following;
wearing apparel (clothing & shoes), supermarkets & food stores,
electronic and IT equipment, household, automobiles, jewellers, hospitality and
leisure, wellness and beauty, pharmacy/medical and giftware.
Businesses surveyed were asked to
compare their sales performance for this year against 2011 resulting in the
following; 37% reported an increase on last year's sales, 40% reported a
decrease and 8% reported sales at the same level of the previous year.
When asked what were the positive and
negative issues affecting sales during the festive season, respondents reported
46% said that it was the business
tactics and incentives they introduced; 11% said the favourable weather; 6% said that it was
the results of their sales promotion, while 3% reported that it was the opening
of a new retail outlet and the opening on Sundays that reflected this positive
On the negative aspect 37% said that
they were affected by the current political instability, 17% were business
finance, 9% said that it was the lack of parking and the ongoing works, 6% said
changes in registration tax and 3% indicated that online shopping, early sales,
severe competition and stock delivery problems also affected their sales in the
When asked which week during the
festive season was the best week for sales, respondents replied as follows;
31% week beginning the 22nd, 29% week beginning 14th, 23% week beginning
the 8th Dec and 6% week beginning the 29th .
Amongst the most popular products
sold during this festive season were; tablets,
gadgets and IT equipment, clothes and shoes, jewellery, perfumes, gift packs, food and wine.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).