Merchandising

E-shopping revenues seen rising in 2019

The total revenue of e-commerce in Greece in 2019 is expected to reach 4 billion euros against last year's 3.7 billion, according to the Greek e-Commerce Association (GRECA).
More than 7,000 businesses in Greece have digital outlets and online users are estimated at 3.8 million, the association's president Katerina Fraidaki told a press conference in Athens on Wednesday.

Most retailers see turnover drop due to glut of offers

Seven out of every 10 retailers polled by the institute of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) said that they saw a drop in turnover over this year's winter sales period, from mid-January to the end of February, compared to last year.

Only 8 percent of enterprises reported an increase in turnover this year.

Supermarkets expect small increase in sales

Supermarket sector officials are anticipating an average turnover increase of 0.5 percent year-on-year over the first six months of 2019, based on developments in the retail domain and expectations of capitalization in sales and profit terms following the mergers and acquisitions of recent years, according to a survey by the Research Institute of Retail Consumer Goods (IELKA).

Jumbo sales rise 7.6 pct in H2 2018

Toy and homeware retailer Jumbo on Tuesday reported group sales of 476.7 million euros in the July-December 2018 period, up 7.6 percent on the same period in 2017.

This was mainly thanks to the 30 percent jump in sales in Romania and the 9 percent increase in Bulgaria, while sales rose 1 percent in Greece and 2 percent in Cyprus.

Official statistics: Jan - Nov 2018 turnover of motor vehicle, motorcycle trade up 6.7 pct YoY

The turnover of wholesale and retail trade in motor vehicles and motorcycles over January - November 2018 was 6.7 percent higher YoY expressed as raw series, while the turnover for market services provided to the population in the same period was up 5.9 pct as raw series, shows data released on Tuesday by the National Institute of Statistics (INS).

NSI: Industrial Production in Bulgaria up 0.4% MoM in November

In November 2018, the industrial production index rose by 0.4% month-on-month and by 1.2% compared to November 2017, the National Statistical Institute (NSI)said. On annual basis, manufacturing production grew by 2%, while a decrease was registered in power, gas, steam and air conditioning supply and in the mining and quarrying industry, by 3.9% and 2.6%, respectively.

Greek e-shops earn greater market share

Homegrown online shops are gaining ground in Greece, as 85 percent of consumers in the country use them for the vast majority of their online purchases, according to a survey by the E-Business Research Center of the Athens University for Economics and Business (ELTRUN) and the Association of Business and Retail Sales in Greece (SELPE).

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