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GRTU Christmas period shopping survey
06 January 2006
GRTU Christmas period shopping survey
The survey indicates that the level of Christmas shopping was far below what the retailing community expected. From the comments made by retailers who participated in the survey the reasons are:
GRTU Christmas period shopping survey
The survey indicates that the level of Christmas shopping was far below what the retailing community expected. From the comments made by retailers who participated in the survey the reasons are:
1. A low level of consumers’ confidence. Consumers do not feel comfortable enough to spend over their tight limits. They are not confident that the price levels pre-Christmas are attractive enough given the level of disposable income available to households and individuals at the end of 2005.
2. Changing consumers patters. The survey of 2005 reflects the surveys of the last three years. There is a shift in consumer spending patterns as the shopping season is changing with post-Christmas sales coming in as early as January 2nd. Also the survey result indicate shifting patterns of spending: there is more spending on foods and beverages for home consumption and a more widespread pattern of spending on leisure, while spending on gifts is moving from the traditional Christmas period products to a much wider list of products and among a greater variety of retailing outlets.
GRTU is currently conducting a wider survey effecting other aspects of business. This survey will build up a picture of the state of business in Malta at the end of 2006. GRTU is also surveying small and medium businesses perspectives for 2006. The results of this survey will present the main point of discussion at GRTU’s Annual Conference that is being held at the Naxxar Trade Fair Centre on Sunday January 15, 2006
