Survey points to recovery of Greece's food retail sector

Greece's retail food sector is showing signs of recovery during the current year, after a long period of crisis, according to Professor Georgios Doukidis, an advisor of the Research Institute of Retail Consumer Goods (IELKA), in comments to the Athens-Macedonian News Agency on Sunday.

He noted that the sector had undergone significant changes in recent years, especially the Fast-Moving Consumers Goods (FMCG) sector, while a drop in sales by as much as 25 percent at the start of the previous decade had led many firms in the sector to downsize, while others had been bought out or had merged with competitors. At the dawn of the 20s, however, things were starting to look more promising, Doukidis said.

A six-month rolling IELKA survey of trends in retail FMCG, which analyzed the views of the sector's executives, showed that they expect an increase of sales in the next six...

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