The sales in the SMEs retail stores registered a fall of 13.7% in year-on-year terms in December, with which the cumulative figure for 2023 closed with a decline of 3.4%, according to a survey carried out by the Argentine Confederation of Medium Enterprises (CAME). Compared to last November, for its part, retail sales reflected a decrease of 11.2%.
From CAME They indicated that throughout 2023 “only the category of Footwear and leather goods “exhibited a meager growth of 0.4%.”
In the specific case of sales by wise men They noted that “they also decreased at the same level: they fell by 13.6%” compared to the same period last year.
The results arise from SME Retail Sales Index of CAME, prepared based on a monthly survey among 1,256 retail businesses in the country, carried out from January 2 to 5, 2024.
From the entity – in a statement – they highlighted that December turned out to be “the most challenging month for the SME commerce sector, which had hoped to compensate for accumulated losses between January and November; while it is traditionally a highlight period of the year.”
They argued that this was due to the fact that “consumers found themselves at the end of 2023 with an abrupt price change in goods and services, which They limited their purchasing power, nor was the market generous in financing options and offers, which forced us to carefully manage the available resources.”
Consumption: item by item, those with the greatest losses
Thus, the seven sectors relieved ended December on the decline, led by Food and drinks, where sales at constant prices sank 19.8%, while during the course of the year, only the Footwear and Leather Goods category showed a slight increase of 0.4%, at constant prices.
By sectors, the The worst performance in the accumulated year turned out to be Food and Beverages, with a decrease of 5.7% compared to 2022; while the one with the best evolution turned out to be the Footwear and leather goods category, with an increase of 0.4%.
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Source: Ambito
