The Department of Trade and Crafts plans to revise Law No. 40 of June 1998 on sales techniques and advertising business governing seasonal sales, said Mr. Habib Dimassi, managing director of Competition and Economic Research at the Ministry.
The official indicated at a press meeting held on Thursday in Tunis, that the review will focus on reducing the period of sales from 6 to 4 weeks and the integration of the new line in sales instead of the old line, in addition to reducing the period of detention of the goods to be sold by the merchant in sales period from 3 months to 1 month.
He noted that the winter sales period of 2012 which was scheduled from February 1 to March 15, 2012 were extended until the end of March 2012, at the request of professionals.
The objective is to consolidate sales of traders.
Mr. Dimassi reported that nearly 1,405 retailers and 2,170 outlets participated in the 2012 winter sales.
These sales have reduced by 4.8% the price index of clothing and footwear group, and this, despite the 5.4% increase in the general price index, the official said.
It should be noted that several studies have shown that 30 to 40% of sales of traders is made during the sales periods.