Sunday March 29, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Dixons sticks with recovering Greece

Dixons, the continent’s No 2 electricals retailer, saw sales at its Greek business, Kotsovolos, rise 3 percent in the November 1 - January 4 period, driven by its wholesale business.

However, sales at retail stores that have been open for more than a year fell 8 percent.

“It’s still quite tough in Greece and the market is still under pressure. We are beginning to see some evidence that it is flattening out,” Chief Executive Sebastian James told reporters.

“That business is going to come right.”

As speculation swirled in 2012 that Greece could abandon the euro, Dixons stockpiled security shutters to protect its nearly 100 stores in the country.

Recent data suggests the economy is on the brink of recovering from a six-year recession, boosted by a rebound in tourism and rising investment and exports.

However, Greek consumers’ incomes have shrunk about 40 percent since the crisis began and in Athens the mood remains gloomy.

Many poured into the capital’s main shopping street at the start of the winter sales but few were buying, despite 50 percent discounts.

“People come, look and leave. They have other priorities,” said Katerina Graspa, 53, who is struggling to keep her household goods shop in business.

Dixons, which has been benefiting from strong demand for tablet computers, has sold off units in Turkey and Italy, but plans to stick with Greece as it is the market leader there, although the country accounts for a small part of group sales.

[Reuters]

ekathimerini.com , Friday Jan 17, 2014 (20:33)  
Fitch downgrades Greece amid bailout uncertainty
Bank accounts continue to bleed
Hania and Athens are the top picks for Easter visitors
Landlords to pay tax on unpaid rent
Moscow expects progress from Tsipras visit
Prime Minister Alexis Tsipras’s planned visit to Moscow on April 8 will be a “big event” in the course of relations between Greece and Russia, according to the Russian ambassador in Athens, ...
Another suspect eyed in prison breakout plan
Police are on the trail of a criminal who is alleged to have played a part in supplying the weapons November 17 terrorist Christodoulos Xeros and other accomplices were due to use to help Co...
Inside News
BASKETBALL
Greens live dangerously in Istanbul
Panathinaikos played with fire in Istanbul, but still managed to beat Galatasaray 86-84 on Friday and climb to the third sport of its group two games before the end of the Euroleague top-16....
SOCCER
Greek federation backs injured Holebas
The Greek soccer federation on Friday insisted that international defender Jose Holebas had been dropped from team training in Austria because of injury and not for any other reason. Media r...
Inside Sports
COMMENTARY
Let´s change the subject
Let’s talk about the weather. The cloudy skies, the rain, storms and humidity, the overall heavy atmosphere. It’s better to think of that than politics and politicians, whatever cuts they ma...
EDITORIAL
Too little, too late?
Many of the measures that are rumored to comprise part of the list that the Greek government is expected to submit to the European Commission, European Central Bank and the International Mon...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Moscow expects progress from Tsipras visit
2. Another suspect eyed in prison breakout plan
3. Eurogroup unlikely to be held soon to discuss Greek reforms
4. Disabled convicts to be freed early
5. Greek energy minister starts two-day visit to Russia on Monday
6. Opposition tells Tsipras to get control of his party
more news
Today
This Week
1. Eurogroup unlikely to be held soon to discuss Greek reforms
2. Moscow expects progress from Tsipras visit
3. Another suspect eyed in prison breakout plan
4. Fitch downgrades Greece amid bailout uncertainty
5. Opposition tells Tsipras to get control of his party
6. Let's change the subject
Today
This Week
1. Next Monday is D-Day for state funds
2. PM faces Merkel amid race to detail reforms
3. Some more equal than others
4. Greece to present reforms by Monday, says gov't spokesman [Update]
5. Looking at the Chinese model
6. Greece optimistic on deal with euro area next week
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.