Sales start early to boost flagging market

 

SUMMER sales are set to start early, with discounts allowed as of Monday, the Commerce Ministry announced yesterday.

The sales period will continue until August 25.

The president of small shopkeepers’ union, Stephanos Koursaris, yesterday explained the decision to commence sales early took a number of factors into account and was taken following a suggestion by the clothing and shoemakers’ associations.

“For a start, the decision to start the summer sales early was made in the frame of a recession that was noted in the market,” he said. “It was suggested that they start prematurely to rejuvenate the market.”

The second reason, Koursaris added, was the fact that certain big retailers had started their sales early.

“There are certain businesses that have illegally started their sales and are exploiting the market, so the decision was made to officially start the sales early so they are not left alone to reap the profits,” he said. “Other than that, the prices are really low this year, compared to last year.”

Koursaris said the market was noting a drop in prices every six months, as a result of the economic crisis. “So we are calling on consumers to purchase what they want, as the prices are very attractive.”

The sales period regulates clothing, shoes, household equipment and furniture.

“All other categories of products can be freely offered at discount prices at any time of the year,” the ministry said.

 

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