The measure banning special offers on retail products whose prices have been hiked is being extended to more products.
RETAIL
Consumers in Greece spent a billion euros more at supermarkets last year compared to 2022, not so much to buy a lot more things, but because of inflation.
The value of transactions with plastic money reached 62 billion euros in 2023, recording an increase of 15% compared to 2022, a rate that is expected to be maintained this year with a marginal slowdown, according to estimates by Mastercard, assessing the positive macroeconomic environment and, in particular, the universal mandatory introduction of point of sale devices (POS) in 35 new professional sectors imposed by the government, which will contribute to the 14% growth of the card market in 2024.
A significant change was observed in the consumer behavior of Greek e-shoppers during 2023 compared to 2022, within the framework of the annual “Fashion (Re)search” review by the European fashion search platform GLAMI.
Greek consumers proved active during the festive period, the sector’s most important, with a preference for sports as well as more festive items, market insiders note.
Price increases have changed consumer habits in Greece, a survey by the Retail Consumer Goods Research Institute (IELKA) said on Thursday.
The smaller-than-anticipated decline in sales volume is partly related to a shift of some consumers to more budget-friendly options.
The government’s financial staff has reportedly decided to extend the deadline for the delivery and installation of point-of-sale (POS) terminals by one month. This decision was made due to problems in the market, both due to the high demand recorded and the inability of many companies to proceed with their installation. The decision of the […]
The National Economy and Finance Ministry intends to extend the deadline for the mandatory installation of POS terminals by one month, the Athens Chamber of Tradesmen stated on Friday.
Supermarket turnover grew 8.9% in 2023, reflecting the high inflation rate pressures in the country, NielsenIQ said in a report released on Monday.
Greece has the second most expensive “basket” of basic household purchases among five European countries.
Greece’s center-right government announced price controls on baby formula Wednesday, accusing multinational suppliers of imposing unjustifiably high prices on the country’s consumers.
In a substantial leap from 2022, the Cyprus Consumer Association reported a noteworthy spike in four complaint categories in 2023.
Winter sales kicked off this Monday, running through the end of February. Additionally, stores will extend their opening hours on Sundays, specifically on January 14 and January 21, 2024.
Supermarket chains across Greece are planning new investments this year, as part of efforts to maintain or increase their market shares in conditions that are far from ideal for consumers.
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