Rome

Italy's winter sales prove to be a flop for retailers

Sales fell by as much as 20% in January, February, stores report

Italy's winter sales prove to be a flop for retailers

Rome, March 4 - Despite big discounts, retailers in Italy say their annual winter sales were a flop. The annual winter sale season, which ended Monday in much of Italy, saw a 10% drop in sales of clothing and footwear despite an average discount of 25%, said retail industry group Confcommercio. Another industry group, Fismo-Confesercenti, which represents small- and medium-sized businesses, said its members saw sales fall by an estimated 20%.

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