Friday, 5 February 2010

A Bad Christmas? - For Who?

Why is it bad news that not many Bulgarians spent lots of money on Christmas presents? It is only bad news to the retail trade who are make profit on the commercialism of Christmas. This Christmas was just as good if not better than many previous Christmases as Bulgarians know how to enjoy themselves during this festive season without the need for shopping mania.

The Christmas shopping season has not driven up retail sales in Bulgaria, according to the latest data of Eurostat, the EU’s statistical office. Retail sales slipped 1.1 per cent in December from the previous month and 11 per cent on an annual basis.
The monthly decline deepened in the last two months of 2009, when it stood at 1.2 per cent and 1.1 per cent, respectively. This compares with 0.6 per cent for September and one per cent for October.
The figures were confirmed by the Bulgarian Retail Association (BRA).
Source: Dnevnik