Monday, July 9, 2012

Cash-strapped Italians ignore summer sales

Sales on the opening day of summer discounts in Italian stores slumped compared with last year, consumer group Codacons said, as shoppers struggle to cope with tax rises, recession, stagnant wages and unemployment. Shoppers in Milan / Photo: Pixel FormulaSaturday's sales figures were down about 15 percent on average, Codacons said. Small shops suffered most, reporting drops of up to 25 percent, while malls and outlets recorded declines of between 5 and 8 percent. Codacons said hot weather was

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