Merchandising
Bulgaria’s Business Climate: Retail and Services Thrive, Industry and Construction Struggle
According to the National Statistical Institute, the overall business climate indicator in March 2024 remains stable compared to February, hovering around 23%. While there was a boost in the indicator within the retail trade and service sector, there was a decline noted in the industry and construction sectors.
Supermarket prices up 2.75% in February
Supermarket prices increased by 2.75% in February, down from 3% in the previous month, according to a report of prices in major retail chains by the Consumer Goods Retail Research Institute (IELKA).
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Retailers worried about possible curbs on credit card spending
Retailer organizations have voiced concern that their businesses would be hugely affected if some harsh measures are introduced to curb credit card spending.
White goods to cost more in Cyprus
Household appliances in Cyprus, such as refrigerators, washing machines and TV sets, are expected to experience price increases in the near future. The Retail Trade Association attributes this development to the Red Sea tensions. However, the Cyprus Consumers Association deems any price hikes in household appliances due to Houthi attacks on cargo ships as unjustified.
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Habits of Greek consumers changing, GLAMI says
A significant change was observed in the consumer behavior of Greek e-shoppers during 2023 compared to 2022, within the framework of the annual "Fashion (Re)search" review by the European fashion search platform GLAMI.
The results of the research emerged from the responses of 4,246 Greek consumers online, regarding their shopping habits.
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Retail sales declined in November
Retail sales volume fell 5.2% in November 2023 in the Greece, with sales falling across the majority of store categories in the month, the Hellenic Statistical Authority (ELSTAT) said on Wednesday.
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Price increases change consumer habits, limit spending to basics, report says
Price increases have changed consumer habits in Greece, a survey by the Retail Consumer Goods Research Institute (IELKA) said on Thursday.
The survey, conducted on a sample of 1,000 consumers in November 2023, showed a clear trend by consumers to save money to buy basic goods and services. More specifically, the pressure is bigger on reducing spending on basic services.
Bulgaria's January Economic Surge: What Changed Across Sectors?
Bulgaria witnesses a notable improvement in its overall business climate indicator, surging by 3 percentage points from December 2023 to January 2024. The National Statistical Institute (NSI) revealed that this uptick spans across all key sectors—industry, construction, retail trade, and services.
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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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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