Merchandising
Türkiye’s FMGC retail grew nearly 100 percent last year
The retail of fast-moving consumer goods (FMCG) in Türkiye grew 99 percent last year compared with 2021, according to research conducted by consumer intelligence company NielsenIQ.
Turnover of Greek enterprises jumps 8.3% in Q1
Greek enterprises' turnover grew 8.3% or by 7.5 billion euros in the first quarter of 2023, totaling €97.56 billion, from €90.1 billion in the same period last year, the Hellenic Statistical Authority (ELSTAT) said on Wednesday.
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E-kalathi to be Cyprus’ tool for smart shopping
Based on the Cypriot government's timeline, the introduction of e-kalathi, a new digital platform for monitoring retail product prices, is expected to take place around early 2024. The bill has been given the green light by the Council of Ministers and will soon be presented to the Parliament.
Once passed, e-kalathi will be available as a smartphone application for consumers to use.
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Private-label products grow
The share of private-label products reached historic highs in the first two months of 2023, with consumers looking for cheaper solutions due to inflation, while their participation in the Household Basket measure has been considerable.
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Bulgaria: A Sticker shows Permanently Low Food Prices in Stores across the Country
The sticker, which will show the permanently low prices of food products in stores that wish to be included in the foodprice.bg information system, is finally ready, reports the Ministry of Economy.
The electronic platform provides information - from the cost of the raw material, through that of import and wholesale, to the final price that people pay in the store.
Retailers are omnichanneling
More and more retailers are increasingly employing the so-called omnichannel strategy, utilizing modern technology means such as voice orders, simulators and chatbots.
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Cyprus app to compare prices
Following the withdrawal of the Household Basket proposal in Cyprus, the Consumer Protection Agency is now promoting the preparation of a bill for the provision of a digital tool that will allow for the daily comparison of products' retail prices.
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Decision to ban trucks in Athens comes at heavy cost for supermarkets
The implementation of the recent decision of the Regional Authority of Attica to ban trucks over 2 tons from 9 a.m. until 9 p.m. is estimated to signify an additional burden of 5 million euros per year for the supermarkets located within the limits of the Municipality of Athens.
Turkey presses strained retailers for price freezes ahead of elections
Turkey's unusual request that its retailers partially freeze prices ahead of elections has prompted some supermarkets and industry groups to warn they could only do so for a short period.
Finance Minister Nureddin Nebati asked clothing and shoe stores to launch their discount season well ahead of usual March after grocers had done the same.
Survey: Citizens prefer discount markets more
While household consumption expenditures were affected by the increase in prices, one of the solutions that citizens resorted to was to use discount markets more, with their share in households' grocery expenditures increasing more than 3 percent in 2022, according to a survey conducted by Ipsos.
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