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Inflation: the high price of clothes boosts street sales

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Inflation: the high price of clothes boosts street sales

Inflation: high clothing prices boost street sales

A woman observes clothes being offered by street vendors on the streets of the famous Flores neighborhood, in Buenos Aires.

In the past year, clothing and footwear prices rose 67.2%, clearly above inflationwhich accumulates an increase of 52.3% through February according to official data.

Consequently, due to the difficulty of purchasing this type of goods in open-air stores and shopping malls, illegal or street sales stalls have proliferated: at present there were 36.4% more illegal sales than last year.

A report periodically prepared by the Argentine Chamber of Commerce and Services (CAC) observing illegal trade stalls installed on major streets, stations, terminals and squares concluded that in March 974 illegal street stalls were spotted in the city of Buenos Aires. This represents an increase of 4.8% relative to the previous measurement (February 2022).

In the areas reviewed, the ten most affected blocks contained 59.9% of the total stalls located on streets, avenues and pedestrians.

angIn the Top 10, the area of Eleven had 7 of the 10 blocks with the most illegal sales, with a 44.78% share of the total seen in the streets and streets.

The busiest block in the entire city was Bartolomé Miter, where 66 posts were reviewed. Second place went to Avenida Avellaneda at 2900, with 56 stands.

The most commercial item was Clothing and footwear, which accounted for 67.6%, followed by Food and Beverage, with 14.4% of the total. The main illegal marketing centers for these categories are the Zona Eleven, between the streets and streets, and the 11 de Septiembre station, in the same area, between the stations and the plaza.

On the other hand, piracy cases increased by 12.8% compared to February, where a total of 821 cases were identified. Eleven has positioned itself as the main selling point for counterfeit products.

Av. Avellaneda, Av. Rivadavia, Av. Pueyrredón, Linear Zone, Eleven Zone, Av. Corrientes, Peru, Av. Santa Fe, Av. Córdoba, Av. Cabildo, Av. Swearing -in, Av. Microcentro area, July 9, Av. de Mayo, Av. Callao and Lavalle. The exhibition also includes Once de Septiembre Station, Rivadavia Park, Retiro Station, Constitución Station, Plaza de Mayo, Lacroze Station and Belgrano C Station.

The high price of clothing, as explained in the sector, is largely due to increases in production costs which, last year, rose by 55%. The increase in raw materials at the international level and increase in wages were affected.

Exactly, due to the sharp rise in prices, large clothing brands came out to counter the trend in the Fashion Action program, according to which, more than 70 national clothing brands offer items in autumn and winter. at prices not exceeding 30% compared to last winter.

The initiative to encourage consumption is supported by the Argentine Industrial Chamber of Clothing (CIAI) and the Argentine Federation of the Clothing and Related Industries (FAIIA) together with the Ministry of Productive Development.

NE

Source: Clarin

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