Monday May 4, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Festive retail data point to big sales dive

The average drop in retail turnover this past Christmas season has amounted to between 21 and 30 percent from the year-earlier period, according to data compiled by the National Confederation of Greek Commerce (ESEE), while in some areas the decline reached a staggering 60 percent.

The decision to allow stores to open for an additional Sunday during the holidays (on December 30) failed to produced the revenues expected, as reduced disposable incomes and the bad weather discouraged consumers from adding to purchases already made before Christmas.

Out of ESEE’s 58 member associations, only three said that their highest consumer traffic was seen on December 30. According to the confederation, demand peaked on December 23 and 24.

The biggest losers this festive season were apparel retailers, as most consumers have put off buying clothes and footwear until the sales that are scheduled to begin next Tuesday. Even spending on children’s toys posted a major decline, according to 45 percent of ESEE member associations. Books, on the other hand, fared better, as 20 percent of associations saw purchases remain unchanged while another 10 percent reported an increase.

ekathimerini.com , Monday Jan 7, 2013 (23:02)  
Government too conscious of its image
Tenders add term for ‘other currency’
Bankers call for a quick deal to get economy back on track
Capital flight from banks, stocks, bonds
Two killed, around 20 wounded in clash between inmates
Two men were killed and at least 20 wounded in a violent clash between inmates at the Greek capital's Korydallos Prison on Sunday. According to initial reports, a group of inmates believed t...
Fugitive Xeros nabbed thanks to tip-off, paper trail suggests
Police recaptured November 17 terrorist Christodoulos Xeros in January after being tipped off by an informant, documents seen by Kathimerini suggest. According to the paper trail, a few days...
Inside News
SOCCER
Six teams to fight to avoid the last relegation spot
Panthrakikos was the biggest winner of the penultimate round of Super League games on Sunday through its victory at Veria, on the day that Olympiakos partied for its fifth consecutive title....
BASKETBALL
Olympiakos defeats Panathinaikos, Ivanovic goes
Olympiakos secured the top spot in the Basket League’s regular season through a 77-66 away win at Panathinaikos, sinking the Greens into all kinds of problems, including the sacking of its c...
Inside Sports
COMMENTARY
Wrong from the start
If the prime minister had handled negotiations with Greece’s international creditors differently from the onset I would bet that he would have achieved an excellent deal both for himself and...
EDITORIAL
Mixed signals
A decision from Greek Prime Minister Alexis Tsipras is long overdue. Caught up in the internal contradictions and disagreements of his leftist SYRIZA party, Tsipras has been unable to make a...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Six teams to fight to avoid the last relegation spot
2. Olympiakos defeats Panathinaikos, Ivanovic goes
3. Two killed, around 20 wounded in clash between inmates
4. Government too conscious of its image
5. Tenders add term for ‘other currency’
6. Bankers call for a quick deal to get economy back on track
more news
Today
This Week
1. Athens hopes for breakthrough
2. If SYRIZA misses targets it must go, says Lafazanis
3. Wrong from the start
4. Fugitive Xeros nabbed thanks to tip-off, paper trail suggests
5. Mixed signals
6. Tenders add term for ‘other currency’
Today
This Week
1. The Good, the Bad and the Ugly
2. Greece’s day of reckoning inches closer as debt payments loom
3. Greek decision to exit euro would be disastrous for Greece
4. Greece’s decade-long relationship with Merkel
5. Varoufakis attacked by anarchists while dining in Athens
6. No need to widen the rift
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.