Retail

The volume of turnover in retail trade (excluding trade in motor vehicles and motorcycles), gross series, increased by 7.1pct in the first nine months of this year, compared to the same period in 2018, due to the advance of sales of non-food products (+8.8pct), retail trade of motor vehicle fuels in specialized stores (+7.3pct) and sales of food, beverages and tobacco (+5.1pct).

The fall sales started on Friday across Greece and are scheduled to run through November 15.

This could be the last autumn store discount period following complaints by retailers who argue that the spring and fall sales add next to nothing to their annual turnover. In response, the government is considering liberalizing sales and offers regulations.

Greek retail sales by volume rose 0.8 percent in August compared to the same month last year after a downwardly revised 2.2 prcent decline in July, statistics service ELSTAT said on Thursday.
Retail sales were led higher by supermarkets, home appliances, books and stationery, the data showed.

In October 2019, the total business climate indicator decreases by 1.4 percentage points compared to the previous month as a result of the more unfavourable conjuncture in industry, construction and retail trade. Industry, the National Statistical Institute reported in a press release.

A Turkish showroom furniture retailer will open a branch in the U.S. to sell their wares and hopefully contribute to the countries' bilateral trade target.

Sectoral confidence in Turkey rose for services, retail trade, and construction in October compared to last month, the country's statistical authority [TÜİK] reported on Oct. 25.

The Athens Traders' Association on Tuesday said that this year's Black Friday sales campaign, when retailers slash product prices to push surplus stock, will take place on November 29.

Turkey's calendar-adjusted retail sales volume with constant prices fell by 4.3% in August on a yearly basis, the Turkish Statistical Institute (TÜİK) said on Oct. 15.

Over half a million customers shop at supermarkets belonging to the Sklavenitis chain every day, and the group posted a 12.9 percent annual increase in turnover last year.

Retailers' performance during the summer sales, which began on July 8 and end today, depends on several factors.