Buenos Aires Times

economy Last-minute surge

Christmas-time sales fail to impress, rising just 0.8 percent from last year

A last-minute surge in purchases on Saturday and Sunday afternoon kept sales data from hitting the red.

Tuesday 26 December, 2017
Buyers race for a last-minute deal during the early hours of Christmas Eve as some major shopping centres kept their doors open.
Buyers race for a last-minute deal during the early hours of Christmas Eve as some major shopping centres kept their doors open. Foto:Télam

More Economy News

Christmas-time sales failed to impress in 2017 rising by a mere 0.8 percent on 2016 figures, the Argentine Medium-sized Business Confederation (CAME) reported.

CAME gathered sales data from between December 22 and 24 across 1,800 small and medium-sized businesses. It noted a last-minute surge in purchases on Saturday and Sunday afternoon which kept data from hitting the red.

Earlier in the week, buyers seemed put off by disturbances in and around Buenos Aires’ downtown on Monday and Tuesday, including a brief union strike that partially affected public transport.

However, last-minute discounts were a clear drawcard with CAME highlighting the poor sales of businesses with nothing or very little in the way of discounts.

Small-scale importation of appliances and technological goods were countered with stricter border controls and a plan implemented by CAME and the ATACYC that allowed businesses to offer consumers 12-installment, interest-free repayments across all product types.

-TIMES/PERFIL

Poll

Op-Ed

Top Stories

  1. 1Argentina’s new ambassador to US: Argentina’s new ambassador to US: "I have great expectations"
  2. 2Fans left short-changed as ticket prices rise
  3. 3Authorities seize shipment of Nazi objects
  4. 4Israel police recommend PM Netanyahu face corruption charges
  5. 5First low-cost flight from UK to South America lands in BA
  6. 6February 12-18: What we learned this week
  7. 7So what about policy for the forlorn and trashed forces?
  8. 8Galapagos fights temptation of lucrative mass tourism
  9. 9Amazon’s growing interest in Latin America weighs on Mercado Libre’s stock price
  10. 10Pope Francis asks for forgiveness for sex abuse scandals