Italy'S Christmas Retailing Is The Most Difficult Selling Of Clothing And Shoes.
Consumer
Group Codacons says retailers in Italy face the most performance in ten years.
Gloomy
During the Christmas holidays, the government launched the financial system.
Tighten
Measures to cope with the sovereign debt crisis have caused every household to economize on food and clothing.
reduce
Expenses.
Rome Codacons pointed out that compared with the average in the past 5 years, Italians reduced their Christmas holiday spending by 48 euros (62.75 US dollars) each year.
Sales of shoes and apparel were the worst, with sales falling by 30% compared with last year.
It is expected that the sales performance of retailers will not rise again in the promotion season.
Codacons director Carlo Rienzi emphasized in the statement that the discount season will end with "failure", and sales will drop by 40% compared with 2010.
The Italy government last week passed 30 billion euro austerity measures and revitalization of the economic plan. Italy's prime minister, Mario Monti, is hoping to reduce debt. Italy's debt is second higher in the euro zone.
These measures include luxury taxes, self - used housing taxation, and higher gasoline prices, which could cause consumer spending to lead to a deeper recession in the third largest economy in the euro zone.
According to data from consumer group Federconsumatori, austerity plans cost 1129 euros per family in Italy.
Italy people spend 4 billion 400 million euros on Christmas holidays, which is 400 million euros short of Federconsumatori's estimate.
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