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Winter sales gain 10% vs year before

New report by retail group shows recovery

10 January, 18:16
Winter sales gain 10% vs year before (ANSA) - Rome, January 10 - Italy's winter sales saw revenue increase by some 10% for the 2013-2014 season compared to the year-earlier period, according to a new report by retail group Fismo-Confesercenti issued Friday.

The sales, which started only a few days ago, are generating an average per capita expenditure of between 80 and 100 euros per person, with peaks between 150 and 200 euros per person in central Italy.

"It's a significant figure, which shows an inversion of the tendency when compared to last year's sale season," said Fismo-Confesercenti chief Roberto Manzoni. "Basically all the main cities have enjoyed an increase in sales, even though this could just be the initial spark before the stabilization of the levels in coming days".