BUSINESS

Most retailers see turnover drop due to glut of offers

DIMITRA MANIFAVA

TAGS: Retail, Economy

Seven out of every 10 retailers polled by the institute of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) said that they saw a drop in turnover over this year’s winter sales period, from mid-January to the end of February, compared to last year.

Only 8 percent of enterprises reported an increase in turnover this year.

The sales windows appear to be losing their appeal to consumers due to the various offers shoppers come across on a daily basis, with the large chains securing the bulk of the increase in sales thanks to their capacity to keep prices lower for longer periods.

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