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Greek Retail Sales Drop Affecting Supermarkets in November

Compared to other retail sectors, supermarket sales in Greece have been relatively unaffected all through the financial crisis. New data by the Greek Statistical Authority (ELSTAT) for November 2017 though, shows that even everyday item sales have dropped. Retail sales in...

Retail Sales Hit Record Lows Across the Board

Across the board retail sales are registering new record lows in Greece according to the latest data released by the retail commerce sector. According to the data ekathimerini.com recently published, everything from electronic stores to clothing stores are struggling to make...

Greece's Retail Sales Drop 1.5% in April

Greek retail sales by volume dropped 1.5 percent in April compared to the same month in 2015, according to Greece's statistical authority, ELSTAT. The figures released on Thursday show that the drop came after an upwardly revised 1.2 percent slide in March. Poor...

Greek Retail Sales Up Third Month in a Row

Greek retail sales by volume rose 7.4 percent in August compared to the same month in 2013, after a downwardly revised 4.7 percent increase in July, Greek statistics service ELSTAT said on Friday. According to a Reuters report, sales volumes...

Greek Pre-Holiday Retail Sales Off 16.9%

Already reeling from big falls in sales during the Christmas and New Year's holiday period, the news for Greek retailers was even bleaker with the news that their sales in November of 2012 dropped off a cliff, falling 16.9%...

October Retail Sales Slump

Greek retail sales volume fell at an annual rate of 16.8% in October, data from the Hellenic Statistical Authority showed Monday, reflecting a slump in consumer confidence levels in the recession-ravaged economy. The figures, which are adjusted for inflation and...

February Retail Sales Down 11.8% On Year

Greek retail sales volume fell at an annual rate of 11.8% in February, data from the Hellenic Statistical Authority showed Monday, as consumer spending slumped and the Greek economy continued to deteriorate. The figures, which are adjusted for inflation and...

Greek Retailers Disappointed With December Sales

December retail sales in Greece were once again disappointing, after retailers were expecting the busiest month of the year to curb the downward spiral of sales, a study shows. The market turnover in the last month of the year, which...

Retailers to See Xmas Sales Down by 18%

Greek retailers will see the Christmas and New Year-related revenue decline 18% as business is blighted by the country's fifth year of recession, the National Confederation of Hellenic Commerce said. Nationwide spending on food and gifts will fall to 7.6...

Dismal Holiday Sales for Greek Retailers

Hammered by austerity measures that have made Greeks slow spending almost to a standstill, and with transportation strikes preventing customers from getting into downtown Athens, Greek retailers are set to see Christmas and New York holidays sales drop at...

Retail Sees Worst Christmas Sales in Decades

Greece's stores had their worst Christmas in decades, with retail sales dropping by 30 percent compared with the same period last year as the economic crisis shattered consumer confidence, the ESEE retail federation said on Tuesday. "Nine out of 10...

Retailers Face 30% Drop in Christmas Sales

Greek retail sales may drop 30 percent in the 2011 Christmas shopping season as growing unemployment, tax increases and wage cuts crimp shopping budgets, a Greek business group said. Under an “optimistic scenario,” sales would drop 22 percent from a...

Pandemic Causes Online Sales in Greece to Soar to 15 Billion Euros in 2020

Profits from online sales are expected to triple this year, totaling 15 billion euros in 2020, the Hellenic Confederation of Commerce and Entrepreneurship said in a survey released on Monday. The astounding figures are of course a result of the...

Sales Begin Amid Hopes for Higher Consumer Spending

The annual winter sales period for shops across Greece is expected to start this year on Monday, January 14, 2019. The special sales will run until Thursday, February 28, 2019, according to an official announcement issued on Monday by the Athens...

Greek Winter Sales from January 8 to February 28

The winter sales in Greece will begin on January 8 and last until February 28, with shops staying open on January 14; the first Sunday of the sales period. According to an announcement by the Thessaloniki Merchants' Association, the...