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Poles start to save on shopping
Temat: Wiadomości
Do some Exercises: Słuchaj i zapisuj Tworzenie zdań Ukryte słowa
July 18, 2011
Shopping malls are preparing for at least two lean years as customers take to savings and shift to discount stores, the daily Gazeta Wyborcza writes.
Turnover at shops located in shopping malls declined in Q1 2011 by several to over 10% y/y, the data of the Polish shopping mall council (PRCH) showed.
Sales of services in shopping malls fell by as much as 23%.
April was more favorable thanks to a low-base effect (national mourning in April 2010), with sales of services down 15% and clothing sales up 17%.
The structure of spending has also changed, as Poles have become less eager to buy electronics or books, according to GfK Polonia pollster.
Source: The Warsaw Voice
