Inflation, riots… Traders deplore a lackluster balance sheet

by time news

2023-08-01 15:20:51

Sales are also suffering from increased competition with private sales, which consumers benefit from throughout the year Thierry RYO / stock.adobe.com

Despite good performances in July, the professionals came out disappointed with this sequence.

Tic-tac… Bargain lovers only have a few hours left to take advantage of the latest discounts offered by the traditional summer sales, which will end this Tuesday evening in France. Behind the counter, traders have already started to do their accounts. And they are not thriving. According to the first data released by the Trade Alliance, the turnover of clothing and footwear traders was down 1% overall compared to the 2022 sales. A previous edition which had already been deemed “disappointingby players in the sector, with a turnover down 10% compared to 2019.

Same observation on the side of the Ile-de-France companies: in a press release, the CCI Île-de-France underlines the results “mixed» for the sales period. “Only half of traders [parisiens] say they are satisfied with the result of these summer sales“, reveals a study of the institution, which is based on surveys of professionals. Similarly, only one out of two Parisian merchants recorded results greater than or equal to the 2022 sales.

Even more than last year, soaring prices weighed on French purchasing decisions. 64% of traders surveyed by the Chamber of Commerce believe that inflation has had a negative effect on their business during the sales. The 2022 edition will also be marked by the riots linked to the death of Nahel, which largely spoiled the first weekend of promotions, traditionally the most popular. “Urban violence […] have not created a favorable climate for consumption», note the professionals. A statement shared by the Alliance du Commerce, which underlines that the tensions “Have put a sudden halt to sales activityin most stores, especially in Île-de-France.

An appointment less and less popular with consumers

Asked by West France, the Minister Delegate for Small and Medium-Sized Enterprises, however, wanted to qualify this assessment. “SIf we focus on the month of July, turnover increased by 14.5% compared to July 2022. In the context already mentioned, this is an exceptional performance for our merchants”, argued Olivia Grégoire. “The month of July saw very good performances, with a catch-up effect compared to the year last”, notes for his part the director general of the Alliance du Commerce, Yohann Petiot.

The observation is therefore mixed, but the massive return of international tourists has saved the sequence, particularly in Île-de-France. “80% of merchants declare that tourists visited their store during the sales and for 60% of them, tourists represent at least 20% of their turnover“, underlines the CCI Île-de-France.

Long acclaimed by consumers, the traditional biannual event is increasingly challenged by private sales, which are spread out throughout the year. 71% of merchants have carried out private sales or promotions before the sales according to the CCI Île-de-France, a figure that is growing rapidly. The actors are however not ready to bury the sacrosanct balances. “Inflation and the strong constraint of purchasing power have given new interest to the sales for consumers this year“, pleads Yohann Petiot. They also remain an essential landmark for a rapidly changing ready-to-wear sector, shaken by the receivership placements of several brands including Kookaï, André and San Marina.


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