Employment agency Adecco reported yesterday that it expects the summer sales period here in the Balearics to create some 1,074 jobs. Adecco has forecast that the sales will perform strongly and that, overall, the increase in jobs created will be an estimated three per cent higher than last year.
“Over the next few weeks we are expecting to see a sharp upturn in sales as consumer confidence continues to consolidate. This will translate into greater takings for the retail sector and obviously new jobs, albeit that they will be short term.”
Some high street stores in Palma, for example, have already started offering discounts of 50 per cent, and since the retail sector was freed up, the majority of stores are trying to tempt consumers with special offers all-year round. This said, the sales are forecast to kick off with prices being slashed by between 50 and 60 per cent - especially in the clothing, footwear and accessory sectors.
The small to medium-sized retailers were given another boost yesterday when it was reported by the National Statistics Institute that May sales outstripped May 2015 by 8.2 per cent - the sharpest year-on-year increase in Spain.