ECONOMY

Store owners pin hopes on Sunday spending

Greeks retailers say that their turnover declined by 20-25 percent in the first 10 days of December compared to the same period last year, while they are hoping that the fact stores will be allowed to open on the three remaining Sundays of the month will help cover some of their losses.

December is a crucial month for trade as it normally accounts for 17-20 percent of annual turnover.

If the decline continues this month it is possible that the growth reported in the rest of the year will be reversed, with 2014 showing a contraction in turnover compared to last year.

Sales volume posted a 2.2 percent increase on an annual basis in the year to end-September.