Supermarket chains' investment programs concern four main fields as they are aimed not only at increasing turnover but also expanding profit margins, which have been shrinking over the last few years. These four areas are online commerce, the operation of new stores and distributions centers, promotional activities and differentiation in products and purchase experience.
Supermarket revenue during the first half of 2019 rose 3.4 percent compared to the same period last year.
Foodstuffs, especially frozen foods and snacks, accounted for most of that increase.
The quantity, or volume, of sales increased much less, as supermarket chains limited the number of special offers sold in order to boost profitability.
Greek retail stores may have been disappointed with their revenues this Easter, but supermarkets saw a significant increase in turnover over the holiday period, according to Nielsen figures.
Total sales at supermarkets across Greece in the runup to Easter (April 22-27) registered 8.8 percent growth, with fresh products jumping 12.2 percent from the Holy Week of 2018 (April 2-7).
Greek food authority EFET on Tuesday issued a warning and a ban against a specific batch of a marinade paste product that was found to contain slivers of glass.
The ban is directed specifically at Lot Number 811170 of the Pasco Tandoori Marinade Paste that comes in a 270 gram jar, with a best-by date of 30.11.2021.
Municipalities will now sell cleaning products and many other items found in supermarkets directly to shoppers for lower prices, President Recep Tayyip Erdoğan has vowed, after launching a similar move with fruits and vegetables.
A 34-year-old woman believed to be behind at least 56 supermarket robberies in different parts of the greater Athens area was to face a prosecutor on Wednesday on multiple charges of theft.
The woman, who was arrested in Zefyri, northwestern Athens, is believed to have worked with two accomplices, who are being sought by police.