Sales do not pick up
The Economic Log prepared and disseminated by FENALCO -National Trade Federation-, determined that sales in quantities of the footwear and clothing sectors did not increase above the 2021 indicators. This is the result corresponding to the month of November 2022, where it is highlighted that Black Friday generated a small reactivation.
Faced with the cancellation of the day without VAT, traders were left with abundant inventories, which were originally to satisfy that possible demand. Thus, they expected that the remainder of December would produce a rebound.
The entity's report also detailed that trade had a difficult year-end, with factors such as the cost of energy and credit and inflation, which led to a drop in demand.