No Effect Of Sunday Closing On Sales In Hungary, Says NAV
- 10 Apr 2015 9:00 AM
Hungarian retail sales have not dropped because of new laws on restrictions to Sunday shopping, the tax office NAV said, citing data from online cash registers in the first quarter. The impact of most shops having to close on Sundays is minimal, as predicted. Customers quickly adjusted to the new measures, NAV told daily Napi Gazdaság.
Weekly retail sales were level with or even higher after the new law took effect on March 15.
Average weekly turnover in the three weeks after March 15 was higher than the average of nine weeks between January 5 and March 8.
Sales shifted to the other days of the week: average weekly turnover on Sunday dropped from an earlier measured 9-10% to 4-5% and turnover on the other days of the week came to 15-16% on average, the tax office said.
An unnamed analyst told the paper that the rise could be only temporary while customers are getting used to the new situation and try to stock up on purchases before Sunday.
Source www.hungarymatters.hu
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