Retail
Physical retail bouncing back
Uncertainty in the market led to one in three retailers running promotions or discounts even over the festive period, but more than one in four businesses had higher sales this holiday season, compared with the same period in 2021, according to a study by the Hellenic Confederation of Commerce and Entrepreneurship (ESEE), which was released on Friday, regarding the activity of commercial stores
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Another supermarket chain freezes prices
Migros, one of the largest supermarkets with nearly 3,000 outlets across Türkiye, has joined a hard discount retailer in freezing prices on stable products.
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Record 13.3% Food Inflation in the UK
In the UK, food inflation hit a record high of 13.3% in December.
Food prices hit a record high in December ahead of Christmas, new data shows.
Food inflation jumped from 12.4% in November to 13.3% in December at a time when families typically stock up on food for the Christmas and New Year holidays.
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Hard discount retailer Şok freezes prices on 1,000 items
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Şok, one of Türkiye's largest hard discount retailers, will freeze prices on 1,000 items, including staple products such as rice, flour, vegetable oil, sugar and tear, until the end of January.
If other supermarkets follow suit, such a move is likely to have a positive impact on the inflation outlook, according to a consumers' association.
Winter sales to start next week
Winter sales will begin on Monday, January 9 and will run until February 28, the Association of Retail Enterprises (SELPE) has announced.
It also said that on the first Sunday of the winter sales, on January 15, commercial stores will have the option of operating from 11 a.m. to 8.p.m.
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Retail stores looking forward to Black Friday on Nov. 25, welcome end of interim sales
'Black Friday', the next retail sales, will take place on November 25 this year and will include major offers, market representatives said, who also welcomed the end of the interim sales that used to take place in the beginning of November.
Greek consumers hunt for bargains during inflation
The jump in inflation compared to last year has brought significant changes in the behavior of Greek consumers.
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Türkiye eyes more foreign shoppers
The Culture and Tourism Ministry will work on new strategies for boosting tourism in Türkiye via ad campaigns and promotional videos centered on attracting foreign shoppers to the country, says Sinan Öncel, chair of the United Brands' Association (BMD).
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Agriculture Cooperatives’ supermarkets began offering cheaper goods
Nearly 1,4000 supermarkets operated by the Agricultural Credit Cooperatives on Aug. 15 began to offer more than 30 items, at discounted prices.
Those items include, meat, poultry, flour, sugar, rice, onions, sunflower seed oil, liquid soaps and paper towels as well as some fruits.
UK retail sales drop on high inflation
British retail sales by volume dropped in May as soaring inflation caused consumers to limit spending, especially on food, official data showed on June 24.
Sales fell 0.5 percent compared with a rise of 0.4 percent in April, the Office for National Statistics (ONS) said.
April's data was sharply revised lower after an initial estimate showed retail sales had jumped 1.4 percent.
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