The melodious strains of soca parang blaring from boom boxes strategically placed outside the various stores beckon shoppers seeking bargains for Christmas.
From the busy city centres to vendors hawking their goods on roadways throughout the country, deals are offered all in the hope of monies to be accumulated from sales.
Amid the hustle and bustle, however, are people really spending money for the Yuletide Season?
The Sunday Business Guardian reached out to various entities to get a sense of how sales have been going thus far, with less than two weeks to go before Christmas Day.
The general consensus is that sales are slow but there is the expectation business will increase closer to Christmas Day.
President of the Downtown Owners and Merchants Association (DOMA) Gregory Aboud shared some figurers for Port-of-Spain.
“So far, from the reports that we have received, the indications are that business for Christmas 2023 is running in downtown Port-of-Spain approximately between 50 to 10 per cent less that it was at this time in 2022,” Aboud said.
However, he said the capital is still maintaining its place as a destination for shoppers, adding that many of the major retailers including furniture, appliance, footware and home furnishings have a tremendous assortment of goods to offer.
On whether he believes that sales would pick up with the expected backpay to be paid out to public servants on December 19, Aboud said, “While it is true that everyone would like to see an improvement in sales volumes, it is also true that persons receiving their backpay should measure what percentage is spent and what percentage is saved and we should not be encouraging persons to go on a spending spree with all of their backpay,” Aboud advised.
Meanwhile, Ricardo Mohammed, president of the Eastern Business Merchants Association (EBMA) and vice-president of the Confederation of Regional Business Chambers (CRBC) echoed similar sentiments of slow sales at this time.
To entice shoppers, the EBMA has put in place an innovative project called, “Ah Grande Christmas,” another brain child from the organisation.
“We successfully hosted ‘Ah taste of Grande’ in the past which has boosted the food industry and local tourism for the Sangre Grande district followed by the establishment of the Grande’s food hub, another main attraction.
“The main purpose is to increase localised shopping for the business community and vendors within the town during the Christmas period while giving a safe, late night shopping with Christmas activities. The EBMA has also engaged the support from the Police Service for safety for all the weekends leading up to Christmas,” Mohammed explained.
In Gasparillo there is also little customer spend.
Samuel George of the Gasparillo Chamber noted that customers are a bit apprehensive and even afraid to come out and openly shop, owing to the prevalence of crime and a lack of police visibility and joint patrols in that area.
Additionally, he said inflation particularly of food, has been pushing prices up to unreasonable levels which remains a big problem for the salaried working class.
Chairman of the CRBC, Vivek Charran remains more hopeful.
He foresees that as the full swing of the Christmas season draws closer, people would in fact, spend their money.
“This year, the season is quiet thus far. Reports from the high streets say sales are muted. Last year it was not as quiet but now even the traffic in the roads has diminished considerably even with schools being closed. The possible reasons are that public servants are being paid quite late which is around December 19.
“But all in all, currently there has not been an increase in shoppers either at the commercial districts or at the malls,” Charran added.
Like Aboud, he is also urging people to be prudent with their money.
“While we are a last-minute society, when it comes to Christmas shopping, buying a little every week is the smarter financial move than waiting to spend as much as possible at the last minute,” Charran suggested.
According to the CRBC chairman, customers are prioritising food items first, adding that many are also anticipating higher prices at the supermarkets.
With groceries out of the way, they could then determine how much can be allocated to other items.
Regarding the cost of other novelty Christmas products like toys, Charran said businessowners are trying to keep the prices of these goods down as much as possible, despite the rising inflation levels.
“So prices can be as competitive for licensed products for example, like Disney Hasbro toys, but the costs can be higher because of a global price increase for many electronic items, like game consoles and games. However, Christmas decoration prices have also not increased neither have Xmas trees,” Charran added.
Down in the southland, sales are reported to be drastically down.
President of the San Fernando Business Association (SBA), Daphne Bartlett stated that this Christmas sales are worse, noting that they are down by 15 per cent to 20 per cent.
She attributed this partly to unemployment, which she described as a “deep problem” in San Fernando and other surrounding southern communities, because of the closure of Petrotrin and Trinmar.
The SBA President further lamented that without an income, one cannot spend.
Regarding popular Christmas goods like lights, curtains and tablecloths, she said these have increased this year and in some cases by as much as 20 per cent.
Regarding customer traffic, Bartlett noted that while there may be an increase in the number of people browsing, they are not necessarily shopping.
“People are very careful in what they are buying and trying to get the best deal possible,” she added.
Regarding economic opportunities in the south, Bartlett recommended that Prime Minister Dr Keith Rowley should seek ways to restart the refinery to create employment especially for south Trinidad.
“This would open up more economic spaces within the energy sector and take our nation towards economic growth,” Bartlett added.
President of the Siparia Chamber, Emerson Chadee agreed with Bartlett that while customer traffic may have increased, there has been no uptick in sales.
“I have been noticing that prices of food and other household goods have increased, and the buying public is very cautious about their spending for this Christmas.
“I cannot blame persons for being cautions about their financial resources but I encourage the residents of Siparia, as far as possible, to support the merchants in their community to stimulate as much local economic activity as possible,” Chadee added.
Further, he encouraged shoppers to support local businesses saying the small and medium enterprises offer quality goods year round.
