Swiss retailers celebrate successful Christmas

Despite inflation, consumers in Switzerland spent more money on Christmas presents in 2023 than in previous years. Cashless payments reached a record level in the run-up to Christmas.

Rising prices did not have a negative impact on this year’s Christmas business. On the contrary: from December 1 to 24, Swiss retailers earned more from cashless payments than ever before, according to an analysis by the news agency AWP based on data from Monitoring Consumption Switzerland going back to 2019. …