Retail sales to begin on a high note

Retailers appear to have relatively high expectations for the winter sales, which start on Monday, January 8, and will last for more than seven weeks through February 28. The optimism stems from the rather positive picture of the festive period.

Referring to the course of the market during Christmas, the president of the Hellenic Confederation of Commerce and Enterprises (ESEE), Vassilis Korkidis, appeared fairly upbeat.

"A festive period has just finished that, according to the available data from the survey of the [ESEE's] Institute of Commerce and Services, was for the first time in years dominated by a sentiment of normality, and has left - if marginally - a positive result both in sales volume and in turnover," he said.

Korkidis expects the trend to continue during the winter sales but stressed that this positive climate cannot offset the losses in turnover...

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