Posted 12/10/2023, 1:55:08 PM
German retailers report lackluster Christmas sales, pin hopes on pre-holiday shopping surge
- German retailers report disappointing Christmas sales so far, with slowing momentum in early December
- Sales volumes are down compared to last year when accounting for inflation
- 60% of over 350 surveyed retailers are dissatisfied with the latest sales trend
- Retailer hopes now rest on a pre-Christmas "final spurt" in sales
- Only 15% of retailers surveyed are satisfied with Christmas sales to date