The craft plans to increase its sales by 5% in sales, which is still below pre-pandemic levels

The Spanish Trade Confederation (CEC) emphasized this Friday that the market proximity awaits this campaign from sales be able to get out of stock accumulated, after a “loose and irregular” springs characterized by rain and low temperatures that made it difficult salesespecially in the personal and home furnishing sectors.

In this sense, the CEC clarified that the reductions are shown with a “relative optimism” since, although It is expected to improve the previous year’s collection figures by at least 5%“sales will continue below pre-Covid-19 levels”.

With regard to the predictions made from the tourism sector, the organization detailed that a greater dynamism of sales is expected in those businesses located in areas with greater dependence on tourism, such as coastal areas or large capital cities.

In this regard, the CEC explained it a “short” campaign is expectedin which sales will be concentrated in the first days of sales and will gradually lose strength.

In terms of consumption, local companies notice in customers, according to the organization, a restriction of purchases in the store as a result of inflation in inelastic demand items “and the consequent decline in accumulated household savings during the pandemic, which has so far supported consumption.”

Finally, a local shop does not foresee big discounts for this promotiondue to the high additional costs arising from inflation and which greatly narrowed the margins for traders.