Canarian Weekly
11-01-2013, 13:20
IT’S not just the Brits who go “sales crazy” at this time of the year – it is happening inSpainandTenerife, as well many other European countries.
And the Winter Sales were brought forward 24 hours by many shopkeepers to gain an edge.
Traditionally, the sales begin the day after the Three Kings feast 6th Jan), but because it fell on a Sunday this year, Monday was decreed a Bank Holiday instead.
Although many large department stores refused to break with tradition, waiting until Tuesday before opening with drastically-reduced prices, others stole a march by trading on Monday.
All retailers are said to be chopping their prices “aggressively” to attract as many customers as possible.
Yet with the relentless recession, job losses and September’s IVA increase, the average shopper will spend around 72 euros only in Tenerife during the entire sales period, which generally runs until early March, and 80 euros on mainland Spain,
Discounts of between 50-80% are available in most shops, particularly clothing retailers, with household goods and linen and domestic appliances attracting minimum reductions of 30-40%.
Thousands of people inTenerifeflooded the high streets on Monday in search of a bargain or two. And, unlike the poor pre-Christmas turn-out, shops were overflowing, the queues to pay went on forever, and people were charging around with bags full of goodies in their hands.
While most entrepreneurs, especially small businesses, realise these sales will not rescue the December figures completely, the current surge should improve the holiday takings of many local shops
More... (http://www.canarianweekly.com/bargain-hunters-spark-sales-frenzy/)
And the Winter Sales were brought forward 24 hours by many shopkeepers to gain an edge.
Traditionally, the sales begin the day after the Three Kings feast 6th Jan), but because it fell on a Sunday this year, Monday was decreed a Bank Holiday instead.
Although many large department stores refused to break with tradition, waiting until Tuesday before opening with drastically-reduced prices, others stole a march by trading on Monday.
All retailers are said to be chopping their prices “aggressively” to attract as many customers as possible.
Yet with the relentless recession, job losses and September’s IVA increase, the average shopper will spend around 72 euros only in Tenerife during the entire sales period, which generally runs until early March, and 80 euros on mainland Spain,
Discounts of between 50-80% are available in most shops, particularly clothing retailers, with household goods and linen and domestic appliances attracting minimum reductions of 30-40%.
Thousands of people inTenerifeflooded the high streets on Monday in search of a bargain or two. And, unlike the poor pre-Christmas turn-out, shops were overflowing, the queues to pay went on forever, and people were charging around with bags full of goodies in their hands.
While most entrepreneurs, especially small businesses, realise these sales will not rescue the December figures completely, the current surge should improve the holiday takings of many local shops
More... (http://www.canarianweekly.com/bargain-hunters-spark-sales-frenzy/)