14 December, 2020

A snapshot of current retail realities


“Due to the effects of the pandemic, retail trends have shifted in the past months. Similar to the rest of the world, Maltese consumers have shown a preference to online solutions for their consumer needs” said The Malta Chamber President, Perit David Xuereb in a comment to Malta Today.

He also noted how this pandemic has impacted each and every sector differently especially in terms of traditional retail. “Certain sectors remain struggling while others are recovering slowly although revenues of previous years remain a distant ambition. The high fashion sector is suffering, with Chamber members reporting a drop of 50% of sales registered in this sector” said Xuereb.

This being said, other industries are slowly but surely recovering. “On a more positive note, beauty products seem to be on demand even though not on the same levels as last year. Moreover, luxury items such as watches and jewellery, have registered a positive trend,” said Xuereb.

“The drive towards a more digitally-savvy economy was reflected in an increased demand for electronic goods, as well as a drive towards contact-less business,” continued Perit Xuereb

The President however stressed that more needed to be done to revitalise the capital as “Valletta remains sluggish across the board, when compared to other shopping destinations, even though the start of the festive season did provide a much needed impetus.”

All News

View All

24 May, 2024

Only 36% of local family businesses base their decisions on research a...

...

Learn More
08 May, 2024

Employer Bodies Call for an Urgent MCESD Meeting...

...

Learn More
02 May, 2024

20 Years of EU Membership - Malta's Prosperity and the Path Forward...

...

Learn More
30 April, 2024

TradeMalta Facilitates Maltese Companies' Participation at Libya Build...

...

Learn More

All News

View All

Chamber News

24 May, 2024

Only 36% of local family businesses base their decisions on research a...

...

Learn More

Chamber News

11 May, 2024

The Malta Chamber acknowledges Deputy Prime Minister Chris Fearne's Re...

...

Learn More

Chamber News

08 May, 2024

Employer Bodies Call for an Urgent MCESD Meeting...

...

Learn More

Chamber News

02 May, 2024

20 Years of EU Membership - Malta's Prosperity and the Path Forward...

...

Learn More

upcoming events

View All

Upcoming Events

28 May, 2024

Empowerpreneur Workshop 2 - Business Planning & Financial Management

...

Learn More

Upcoming Events

29 May, 2024

Trade Unity: Malta and Germany, Linked for Success

...

Learn More

Upcoming Events

04 June, 2024

E.YOU: Connecting You with Europe

...

Learn More

upcoming events

View All

28 May
upcoming event 28 May, 2024, 06:00 PM

Empowerpreneur Workshop 2 - Business Planning & Financial Management

Learn More
29 May
upcoming event 29 May, 2024, 06:00 PM

Trade Unity: Malta and Germany, Linked for Success

Learn More
04 Jun
upcoming event 04 June, 2024, 08:45 AM

E.YOU: Connecting You with Europe

Learn More