Proximity and Efficiency: Central Europe Becomes a Hub for Bike Production
The bicycle and e-bike industry is undergoing a transformative shift in 2025, with Central Europe (C
moreXtreme Fitness Gyms Targets Dominance in Eastern European Fitness Market
Polish fitness franchise Xtreme Fitness Gyms is making waves in the fitness industry, celebrating th
moreAdidas Expands Presence in Switzerland with Zurich Branch
Adidas, the global sporting goods powerhouse, is strengthening its foothold in Central Europe (CE) b
morePolish Brand 4F Becomes Official Technical Supplier for National Volleyball Teams
Polish sportswear brand 4F has announced a landmark partnership, becoming the official technical sup
moreFriction Labs Joins Crag Sport Portfolio: A New Business Partner for Climbers in Central Europe
Krakow-based Crag Sport, a recognized expert in business development in Central Europe (CE), has exp
more
"Business
Partner search for the Sports industry in Central Europe"
You are here » Home Page
» CE Sports Business News
» Report: Swiss retail loses CHF 9 billion every year to foreign retailers
2015-10-07
source own
Report: Swiss retail loses CHF 9 billion every year to foreign retailers
2015-10-07
source own
As per a report submitted by the research community for retail operations at the University of St. Gallen, Swiss retailers lost approximately 8.9 billion Swiss francs (€8.1 billion)in business during 2015 because of clients wanting to shop outside the nation. The study polled 4,000 clients in the German-speaking area of the nation.
This is essentially because of the Swiss national bank's decision to end the settled exchange rate between the euro and the franc in January. It instantly made typical costs 20 % higher in Switzerland than its neighboring countries.
Besides, food and furniture, the effect was particularly perceptible for clothing, a class whereby some CHF 1.9 billion (€1.74 billion) in retail sales were attained overseas. The report states that, in January every third client did buy apparels outside Switzerland. The impact is in no way constrained just to cantons which neighbor to Germany. Obviously, interviewees say they are ready to travel more than 50 kilometers for a deal.
Members specified that it was not just value that mattered, but also that products was better exhibited in German shops. Then again, Swiss customers consider staff and administrations preferable at home when compared to going overseas. (Source: Textilwirtsch)
Follow CeSport on twitter
Image provided by: Rowing regatta paddles swiss banner ID 58901393 © Filippo Romeo | Dreamstime.com
Partner Search Marketplace
Expert Partner Search
