After what seems like years of economic crisis the retail sector on the island has produced better annual sales
After what seems like years of economic crisis the retail sector on the island has produced better annual sales results in the last 12 months of business. The small retailers in the Balearic
Islands have reported an increase of €208 million over 2012 giving total sales of €4,430 million!
Whilst this sounds excellent, the caveat is that if it were not for businesses targeting the tourist sector, the figures would have been lower as everyday purchases like clothes and household goods
are still mired in the recession.
Just to demonstrate how important the tourist sector is to the retail economy, particularly in Palma, Mallorca's capital, the tourist promotion association has called for an extension to the areas
where shops are allowed to open on a Sunday. Currently, the most popular tourist areas of the city – called “Zonas de Gran Afluencia Turística (ZGAT)” are experiencing a boom, not only in the
shops, but the restaurants and bars nearby, by opening on the Sabbath.
The tourist people want all of Palma to be included in these zones so that the whole city is full of life on Sundays. Only last Sunday, three giant cruise liners carrying 8,000 passengers docked in
the port of Palma, providing much needed revenue for the commercial sector of the city on what would normally be a low point of the week in the lowest month of the year.
If any proof were needed of the importance of foreign tourism in Mallorca, take a look at our photo of the store directory in the big El Corte Ingles department store – it's in Russian!