Summer Sales Season Underway
The summer sales season officially kicked off this past Monday and will run until Saturday, August 31. Stores now have the option to open on Sunday, July 14, with operating hours from 11 a.m. to 8 p.m.
Anticipated Sales Increase
Retail experts are predicting that total sales for July and August will exceed last year’s record of 7 billion euros. Initial discounts are expected to be between 30% and 50%, with the possibility of reaching up to 70% by the end of the two-month sales period.
Top Contributing Sectors
The five retail sectors expected to generate the most revenue during the summer sales include clothing and footwear, cosmetics and pharmaceuticals, watches and jewelry, furniture and home goods, and electrical and electronic devices.
Reminders on Employee Compensation
Commercial associations have reminded their members to properly compensate staff for the upcoming Sunday. According to regulations, if employees work up to 5 hours, employers are not required to give an extra day off but must pay the corresponding wages.
Increasing Hourly Wages for Employees
It is important for businesses to consider increasing hourly wages for their employees. By offering a 75% increase in wages, companies can attract and retain top talent, leading to higher productivity and employee satisfaction.
Advertising Reduced Prices in Retail
When advertising reduced prices in retail, businesses must be transparent and accurate. The discounted price should be carefully calculated and clearly displayed to customers. It is essential to provide evidence of the previous price to ensure transparency and trust with consumers.
