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Retail tourism sucking cash from Swiss shops

National News // Dec. 7, 2017

Despite campaigns to persuade Swiss shoppers to spend their money in the country, more and more are still crossing the border to shop.

Pixabay Retail tourism sucking cash from Swiss shops

Figures from the University of Sankt Gallen show retail tourism is costing Swiss businesses over CHF 9bn this year.

That’s up 10% from 2015.

All sectors are affected. Shoppers are stocking up on food, medicine, clothing and white goods.

But now shoppers don’t even have to cross a border. Online shopping is also taking business away from local shops – compared to two years ago the share of people internet shopping is up 7% at 37%. 

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