Retail

November retail sales up 3.1 pct, led by pharmaceuticals

Greek retail sales by volume rose 3.1 percent in November compared to the same month last year after an upwardly revised 7.2 percent rise in October, statistics service ELSTAT said on Friday.
Retail sales were led higher by pharmaceuticals and cosmetics as well as books and footwear, the data showed.

Size of retail sector reaches $193 bln in 2019

The size of Turkey's retail sector reached 1.1 trillion Turkish Liras ($193 billion), according to a report by audit and consultancy firm KPMG Turkey.

The industry contracted in the first three quarters of 2019 by 5.3 percent, 3.9 percent and 1 percent, respectively last year.

The initial indicators suggest a recovery in 2020, the report added.

Sklavenitis acquires online retailer

Leading supermarket chain Sklavenitis is entering the market of online commerce with the acquisition of the caremarket.gr website.

The retailer, that grew into the largest market player with the acquisition of defunct rival Marinopoulos in 2017-2018, has finally broken into the digital market of retailing with the acquisition of the online sales service from Yoda SA.

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