Facing economic struggles, China is expanding its consumer trade-in schemes to include kitchen appliances, aiming to stimulate demand. With 81 billion yuan allocated for this year, the government hopes to encourage spending on major items like microwaves and dishwashers. While…
The President of the Piraeus Chamber of Commerce, Vasilis Korkidis, expressed satisfaction with the holiday shopping performance, noting a turnover exceeding 4 billion euros in December. He attributed this success to a Christmas bonus of 1.2 billion euros and a…
December sales figures indicate a slight increase in consumer spending compared to last year, driven primarily by holiday gifts. However, overall retail growth for 2024 remains modest, with concerns over rising costs in the new year. Notable trends include strong…
Retailers experienced a modest increase in sales during December, with growth of 3.2% compared to the previous year, driven by popular gift categories. However, overall performance for 2024 remains dismal, finishing only 0.4% higher than 2023. Experts warn of challenging…
Retail footfall in the UK has dropped for the second consecutive year, with a 2.2% decline in 2024 attributed to various factors like cost of living pressures and online shopping. Shop owners are adopting creative strategies, such as offering beverages…
According to forecasts from Banque de France and Insee, French savings rates are projected to stay elevated in 2024, which may negatively impact consumer spending. With an average savings rate of 18% of disposable income and total savings at 6…
The Christmas shopping season in Switzerland has experienced increased consumer spending compared to 2023, with positive reports from major retailers like Manor and Digitec Galaxus. Data indicates a rise in both online and brick-and-mortar sales, with consumers reportedly spending an…
The retail sector in the Netherlands is experiencing significant challenges, with over 336 retail companies declaring bankruptcy this year, a 21% increase from 2023. Economic pressures such as inflation and rising costs are cited as primary factors. Notable closures include…
The Bank of Greece has set its economic growth expectations at 2.3% for this year, forecasting a slight increase to 2.5% in 2025 before declining to 2.0% in 2027. Key growth drivers include consumption, with investments and exports also contributing…
A recent survey indicates a modest increase in German consumer willingness to make large purchases as the new year approaches, despite ongoing concerns over high food prices and job security. The GfK and NIM reported a rise in the consumer…
Dominique Schelcher, CEO of Coopérative U, highlights economic uncertainties affecting employment and consumer behavior in France. In a recent interview, he discussed a joint appeal from business leaders and unions regarding the potential instability following upcoming political decisions, particularly on…
Despite widespread economic challenges worldwide, the United States has reported a significant increase in GDP growth for the last quarter. Analysts attribute this rise to strong consumer spending and a rebound in the manufacturing sector. However, concerns over inflation and…
