Saturday May 30, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Traders unhappy with turnover

By Dimitra Manifava

Three weeks into the summer sales, traders say that purchases are not satisfactory. Shopping levels appear to be lower than during the same period last year, or on the same level at best, even at popular holiday destinations, with Crete suffering the biggest losses.

This sluggishness has been linked to the reduction of Russian tourists this year, for whom Crete constitutes a preferred destination.

The operation of all retail stores on Sunday, July 20 – the first Sunday of the summer sales period – appears to have favored the country’s most popular commercial strips, while on the other two Sundays, July 13 and 27, high temperatures coupled with street protests by shop workers seem to have put off consumers from going shopping in Athens city center, according to a telephone survey conducted by the National Confederation of Greek Commerce (ESEE).

On total turnover from this summer sales period, half of the responding traders (51 percent) said it was on a par with last summer’s, 44 percent said there has been a decline and only 5 percent have witnessed an increase.

Sales turnover declined by between 10 and 20 percent in Patra, Piraeus and Larissa, by 20 percent at Hania, by 30 percent in the other major cities on Crete i.e. Iraklio and Rethymno, while Rhodes and Corfu saw virtually no change from the turnover recorded in July 2013.

The disappointing sales this summer comes on top of a bad month of May in retail commerce turnover. Hellenic Statistical Authority (ELSTAT) data showed yesterday that the turnover index dropped that month by 8.5 percent from May 2013, while compared to April 2014 there was a 7.2 percent reduction. Sales volume fell in May to 3.8 percent from May 2013 and by 5.1 percent from last April. Still, Greek Orthodox Easter last year was in May, while this year it was in April.

There was also a 7.3 percent decline in supermarket turnover in May on a yearly basis, suggesting that consumers are still cutting down even on their basic needs.

ekathimerini.com , Thursday Jul 31, 2014 (22:31)  
Effects of potential Greek default for banks not clear, ECB´s Constancio says
German bonds seen resilient as Greece talks produce false dawns
Checking lists of tax dodgers a slow process
Greek credit contraction amounted to 2.4 pct in April
Panaritis appointed Greece´s IMF representative amid SYRIZA complaints
The appointment of economist Elena Panaritis as Greece’s new representative at the International Monetary Fund has prompted criticism from within SYRIZA, as well as from opposition parties. ...
Police confirm two arrested, one dead in raid to catch bank robbery suspects
Police confirmed on Saturday that they have arrested two men in a raid to catch the men suspected of carrying out 400,000-euro robbery last year. A third man died during the operation near V...
Inside News
SOCCER
Wemmer pens three-year deal with Panathinaikos
German defender Jens Wemmer has signed a three-year contract for an undisclosed sum with Panathinaikos, the Greek Super League club announced on Friday. Right-back Wemmer, 29, has been playi...
SOCCER
Panathinaikos conquers PAOK through Tavlaridis goal
A Stathis Tavlaridis goal has brought Panathinaikos to practically within one point from clinching a spot in next season’s Champions League qualifiers, as the Greens made it three out of thr...
Inside Sports
COMMENTARY
Zenobia, Barbara, Christine and the general’s daughter
ATHENS – Lovely Palmyra has fallen to the zombie horde and its people are being slaughtered as the ancient city awaits its fate. It is Friday, May 22, 2015, and from my window I see the end-...
INTERVIEW
The eurozone’s ‘ambiguous’ architecture
“That’s not something you’re supposed to say in public, right?” In his humble way, Thomas Sargent, Nobel Prize winner in Economics, tries to avoid the question posed to him by Kathimerini re...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Effects of potential Greek default for banks not clear, ECB´s Constancio says
2. Panaritis appointed Greece´s IMF representative amid SYRIZA complaints
3. Police confirm two arrested, one dead in raid to catch bank robbery suspects
4. German bonds seen resilient as Greece talks produce false dawns
5. Checking lists of tax dodgers a slow process
6. Some blame EU Commission for Greek obstinacy in debt talks
more news
Today
This Week
1. Traffic accidents down in March
2. Greece open to compromise to seal deal this week, says interior minister
3. German bonds seen resilient as Greece talks produce false dawns
4. Some blame EU Commission for Greek obstinacy in debt talks
5. Police confirm two arrested, one dead in raid to catch bank robbery suspects
6. Panaritis appointed Greece's IMF representative amid SYRIZA complaints
Today
This Week
1. Hotel contracts with a ‘Greek default clause’
2. Some 300 mln left banks on Tuesday
3. Neither Grexit nor a dual currency will solve Greece’s problems
4. No more 'quick and dirty' fixes for Greece
5. Endless confusion and worry
6. Romantic notions meet reality
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.