Luxury goods companies have been breaking one record after another in Greece in recent years.
SHOPPING
Consumer credit had been expanding at a 30% clip during the first half of the year, boosted by strong consumer demand and car sales, up 6.5% during the first six months of 2024.
Soap and cosmetics company Papoutsanis’ first-half sales dropped 1.4%, to €31.7 million, in the first half, but pretax profit rose 18%, to €12.1 million, the company announced Friday. Exports accounted for 53% of turnover.
Greek consumers spent approximately €35 billion on online purchases in 2023, with the largest portion – €17.5 billion – going towards physical goods. Of this amount, €10.7 billion was allocated to travel expenses (including bookings, tickets, etc.), while the remainder was spent on services. These figures are based on Nexi’s Ecommerce Survey report on Greece.
There is no end to some online stores’ efforts to defraud consumers, luring them with branded products at very low prices and accumulating large orders without ever fulfilling them.
The summer sales season officially commenced this Monday and will extend through Saturday, August 31. According to current legislation, stores have the option to open on Sunday, July 14, with operating hours set from 11 a.m. to 8 p.m.
This year’s summer sales will begin on Monday, July 8 and go on until August 31. Next Sunday, July 14, as on the first Sunday of every sales window, shops will be able to stay open.
Fashion leader Gucci is expanding its presence in Greece with the opening of a new boutique in Athens.
A vegan whipped cream spray has been recalled from the market over fears that it may contain milk.
Stores will open on Sunday, in line with Easter holiday arrangements.
The Easter Basket of more affordable goods for the traditional Orthodox Easter feast has come into effect until May 4, the same day on which the Lenten Basket for lower-priced lenten foods comes to an end.
The special “Easter Basket” that offers lower-price traditional Easter foods will come back into effect in the run-up to Orthodox Easter, from April 24 to May 4.
The extended opening hours of shops and stores for the Easter period will start on April 25.
Supermarket prices increased by 2.75% in February, down from 3% in the previous month, according to a report of prices in major retail chains by the Consumer Goods Retail Research Institute (IELKA).
The decision regarding the so-called “basket” of basic goods with reduced prices was published in the Government Gazette on Friday, making the price tags effective from March 13 until May 4.
Economy Minister Kostis Hatzidakis intends to raise the issue of fees for the use of credit or debit cards.
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