Elections doubled the malls' daily shopping turnover. And what happened online?

On election day, credit card shopping volumes surged by 32% compared to an average weekday in October, according to the Phoenix Gama Index. The fashion industry led with a 90% increase, and malls doubled their turnover. In contrast, online shopping dropped by 14% on election day, but over the entire week it rose by 21% thanks to promotions.

On election day, which took place on Tuesday, credit card shopping volumes rose by 32% compared to an average weekday in October, and the number of purchases increased by 29%. This is according to data from the Phoenix Gama Index. The fashion industry led with a 90% increase in turnover, restaurants rose by about 60%, and coffee shops by about 56%. Malls recorded a 102% surge in shopping turnover, open-air centers rose by 88%, street stores rose by only 13%, while online shopping dropped by 14%. However, on a weekly basis, online shopping rose by 21% thanks to digital promotions, and malls rose by 12%. Nadav Lachmani, CEO of Control by Phoenix Gama, noted that the market is stable with an upward trend, and that eyes are on the November and December promotions.