– Yesterday's retail sales data and the recorded decline are surprising. What we see in August, September and most of it Octoberthis is a completely different direction. (…) We do not see consumer weakness, as suggested by these data, said Marcin Bójko, financial director of LPP, quoted by PAP.
Director of LPP on retail sales: We are optimistic
During the press conference, he announced that in August sales in the LPP group increased by over 20%, and in September by over 30%. He added that the base from last year was low.
– In October we continue to see increases, despite a very high base. In the third quarter, in total, sales in the group will increase by over 20%. – said the financial director of LPP. – We are optimistic about the fourth quarter and the whole year – added Marcin Bójko.
Central Statistical Office: Retail sales dropped significantly. The worst in the textiles, clothing and footwear category
Retail sales in prices solids in September fell by 3%. year to year – reported the Central Statistical Office. Although a slowdown was expected (the average expectation assumed an increase of 2.1% compared to 2.6% in August), such a deep decline is a big surprise.
The weakest year-on-year result is in the “textiles, clothing, footwear” category – there sales dropped by as much as 12.5%. In the case of furniture, consumer electronics and household appliances, it shrank by 8%. Sales in the food category (combined with beverages and tobacco products) were 7.6 percent higher. lower than in September last year. Sale fuels decreased by 4.8 percent, and in the “press, books, other” category, sales in specialized stores stores“there was a decrease of 2.8 percent.