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| MERCADO. MARKET. Traders have lowered the prices of holiday decor items. LA PRENSA / David Mesa 1485251 |
(prensa.com) Three days of Christmas, about 10,000 trees are still in the hands of traders due to a glut in the market and the heavy December rains that overshadowed the end of year sales.
Fearing to remain with the commodity, resellers prices have fallen trees. The six-feet a year ago cost between $ 60 and $ 70 are now being marketed at $ 26.
This year we imported 100 containers with trees, 10 more than last year, an offer that could not stand because the market is still small, said Jose Alfonso Gago, acting president of the Merchants Association and Grocery Distributors and Allied Workers The rains have not only delayed the sales of trees, but the painting and decorative ornaments. The Panamanians traditionally painted in the month of December for the New Year with a clean house, but the rains that brought loss of infrastructure, agriculture and human life also caused apathy on the part of consumers.
Rebates, own the month of January, have advanced and Christmas decorative items are popular in some stores offer up to 50% below the original price.
Pedro Sanchez, the marketing department of Conway Stores, said sales this year have fallen by between 5% and 10% due to heavy rains in early December. However, this last week, the trade began to recover their favorable pace of sales.
The shops have extended hours to recover large investments made in stocks. The goal was to finish the year with over $ 6 billion in sales with a strong push in December.