Retail
Shops to open on Sunday
Retail stores and shops will be open on Sunday due to winter sales.
The proposed business hours are from 11 a.m. to 6 p.m., while shopping centers and department stores will operate from 11 a.m. to 8 p.m.
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Most businesses fail to survive
Most Greek businesses are extremely short-lived, as 56% of them "die" before completing a decade of life. This proves business ventures in Greece are often done casually, without a plan or sufficient funds, motivated by need and not because the would-be entrepreneurs have identified a real opportunity.
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Winter Sales will last till end of February
Winter sales kicked off on Monday and will be running through the end of February. Stores can also open on Sunday, January 14 and 21. According to representatives of the retail sector, following a reasonably successful Christmas period, the winter sales are expected to inject fresh momentum into the market.
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Bulgaria: Retail Turnover Sees 3.2% Year-On-Year Increase in November
The latest data from the National Statistical Institute reveals a positive upswing in Bulgaria's retail sector for November 2023. Retail turnover experienced a 0.5% increase from the previous month and a substantial 3.2% rise compared to the same period last year.
Yearly Highlights
Turks mostly bought food, health products online last year
Turkish consumers mostly ordered food, health and beauty, clothing and technology products last year, a report by e-commerce platform Hepsiburada has shown.
Small household appliances were also among the most popular items among online shoppers.
Consumers went online for shopping mostly on Mondays and Tuesdays and between 9 p.m. and 10 p.m.
Economic Shift: Bulgaria's Business Climate Slumps in December
Bulgaria faces a challenging turn in its business climate as December reports unveil a decline in the total business climate indicator by 1.8 percentage points (pps), dropping to 19.8% from November's 21.6%. The National Statistical Institute highlighted a downturn primarily impacting construction, retail trade, and services sectors.
Industry Holds Steady but Faces Hurdles
Retail’s December turnover to match expectations
"It appears that the forecast for the turnover of the retail market in December - that it will exceed last year's 3.83 billion euros and peak at above €4 billion - is going to prove accurate, while the consumers' preferences regarding gifts remained the same, with clothing and footwear in first place, followed by gift items, toys and cosmetics," the president of the Piraeus Chamber of Commerce
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Self-checkout here to stay, but going through a reckoning
The promise of self-checkout was alluring: Customers could avoid long lines by scanning and bagging their own items, workers could be freed of doing those monotonous tasks themselves and retailers could save on labor costs.
Limits considered on retailers’ offers to consumers
The Ministry of Development is considering imposing a limit on promotional actions by retailers through the definition of a maximum percentage of volume and value of a product that will be allowed to be sold under an offer regime, Kathimerini understands.
From Today: 50 Foods in Bulgarian Stores - With Low Prices!
The prices of a minimum of 50 food products in the large retail chains that have joined the campaign of the Bulgarian Ministry of Economy and Industry will be lower from today - November 15. They will be branded with the "Affordable to You" (Достъпно за вас) logo.