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

16 June, 2025

Mismatch Between Training Expectations and Delivery...

...

Learn More
04 June, 2025

EU Startup and Scale-up Strategy is promising, but national competence...

...

Learn More
28 May, 2025

Majority of CEOs Report High Workload and Stress, Study Reveals at Lea...

...

Learn More
26 May, 2025

AI’s Growing Impact on the Workplace Takes Centre Stage at National ...

...

Learn More

All News

View All

Chamber News

16 June, 2025

Mismatch Between Training Expectations and Delivery...

...

Learn More

Chamber News

14 June, 2025

A Broken System: Failures in the Construction Process Are Putting Live...

...

Learn More

Chamber News

04 June, 2025

EU Startup and Scale-up Strategy is promising, but national competence...

...

Learn More

Chamber News

28 May, 2025

Majority of CEOs Report High Workload and Stress, Study Reveals at Lea...

...

Learn More

upcoming events

View All

Upcoming Events

26 June, 2025

Transfer Pricing meets Technology

...

Learn More

Upcoming Events

30 June, 2025

Info Session: Pay Transparency Directive

...

Learn More

Upcoming Events

23 July, 2025

Summer 2025 Networking Event

...

Learn More

upcoming events

View All

26 Jun
upcoming event 26 June, 2025, 08:30 AM

Transfer Pricing meets Technology

Learn More
30 Jun
upcoming event 30 June, 2025, 08:30 AM

Info Session: Pay Transparency Directive

Learn More
23 Jul
upcoming event 23 July, 2025, 07:30 PM

Summer 2025 Networking Event

Learn More