ECONOMY

Retail sector strangled by November lockdown

Retail sector strangled by November lockdown

The impact on retail commerce of the second lockdown starting November 7 was huge, as that month alone the sector saw revenues collapse by 329 million euros, according to the Hellenic Statistical Authority.

The turnover of apparel enterprises plunged 66%, even though online commerce posted a 39% jump.

Nevertheless, retail stores have been open in most areas of the country since Monday and are considered to be doing brisk business.

They also have the option of opening from 7 a.m. to 8 p.m. on Sunday in the context of the winter sales that started on January 11 and will last up to February 28.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.