The usual Christmas rush may be omitted
Less and less expensive – That is what traders expect for the holiday season. Although the season warm-up ads build on the customer rush of the past years, traders believe in a cheap Christmas for this year.
The period between the firts weeks of November and Christmas is the peak period for retail: a 30-40 percent jump in demand used to be occured in this period of the year.
However, in the shadow of the credit crisis, last year’s Christmas rush was not even good, but at the end finally managed to reach the 2007 results. This year’s forecasts are worse – reports Népszabadság Online.
Related news
Related news
GKI: Deteriorating confidence indices and economic outlook in Hungary
In November, both businesses and consumers became more pessimistic about…
Read more >Arabica coffee price hits 47-year high
The futures price of arabica coffee has reached a 47-year…
Read more >Magyar Posta is preparing for the increased holiday traffic with 130 new vehicles
Magyar Posta expects to deliver more than 7 million packages…
Read more >