It is a day in which toy stores will extend their opening hours and during the day there will be activities at points of sale and bank promotions.
The promotions that have already been agreed upon are with Banco Nación and Banco Provincia. In the case of National Bank, Every Tuesday there will be 25% savings and up to 3 interest-free installments. Exclusive BNA+ MODE. Discount limit $2,000 per purchase. Meanwhile, in the Bank province There will be discounts of 30% and up to 6 interest-free installments from Thursday, December 21 to 24, 2023. Refund limit: $8,000 per transaction on participating businesses. Payment methods: Visa and MasterCard credit card.
Plus, every Tuesday there is 20% savings and Up to 4 interest-free installments with no refund limit.
Toy stores: warn of strong price disparity
The Argentine Chamber of the Toy Industry reported that games and toys from the national industry had an average year-on-year increase of 110%, below the accumulated inflation (146%), and products can be found from $800, although there is a lot of price disparity.
He President of the Argentine Chamber of the Toy Industry, Dr. Matías Furió, stated that “we come from one of the worst Children’s Day in history and we are projecting a drop in the level of sales in units of more than 10%. We find ourselves in a context of stagnation of activity with increased costs, where 6 out of 10 children in our country are poor and a very committed purchasing power that serves essential goods, which is why we have moderate expectations for the end of year season.”
The Argentine toy market is explained by 30% of products that enter due to unfair trade practices and is saturated with products of dubious origin. So much so that, given the reduction in the participation of high-end toys in the Argentine market, the subsidiaries installed in the country of the largest multinationals in the world such as Mattel and Hasbro, which were partners of the chamber, were closed.
In Argentina they are activated on three key dates that concentrate around 95% of the total for the year: (i) Children’s Day (60%), (ii) Christmas (35%) and (iii) Three Kings (5%).
Source: Ambito
