Uneven performance of retail sales
According to the SMEs Retail Sales Index, the FOOTWEAR AND LEATHER GOODS sector saw a 2.4% decrease in April 2024 compared to the same month the previous year. The Cuota Simple program and clearance sales of previous seasons' products stood out.
In May, the sector experienced a 0.4% year-over-year increase, also driven by discounted footwear purchases, according to the Argentine Confederation of Medium-Sized Enterprises (CAME).
June saw a 20.7% decline, in a context where formal footwear is losing ground to sports footwear. The first half of the year ended with a cumulative 12.1% year-over-year decrease.
During the Father's Day celebration, sales dropped by 4% year-over-year, with an average ticket of $ 40,657.