Report: Retail sales unchanged following Sunday closures
Despite the introduction of a Sunday closure law, a measure which came into effect on March 15 to prohibit retailers from opening on Sundays, retail sales in Hungary changed only slightly in March and April, Hungarian daily Népszabadság reported.
Based on data from the National Tax and Customs Authority (NAV), the paper said that weekly retail turnover reached on averaged HUF 150 bln in March and April, while figures were around HUF 145-150 bln in January and February.
The paper noted, however, that customer behavior changed significantly, with Thursday and Friday receiving the largest customer traffic and Sunday traffic dropping significantly. Stores under an area of 200 sqm and family-operated business are allowed to remain open on Sundays as well.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.