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Sunday, July 3, 2022
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GreeceBusinessGREECE: Supermarket sales to rise by 0.7% in 2021, survey shows

GREECE: Supermarket sales to rise by 0.7% in 2021, survey shows

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Hellenic News of Americahttps://www.hellenicnews.com
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Supermarket executives expect a 0.7% increase in sales in the second half of 2020 compared with the corresponding period last year and a 0.8% increase throughout 2021, the Research Institute of Retail Consumer Goods IELKA said in a survey released on Tuesday.

More specificially, a 43% of respondents expect supermarket sales to rise during the second half of 2021, with a 21% expecting a decline. Sales are expected to rise by 0.7% in the July-December period compared with the same period last year and by 0.8% in 2021.

The forecast includes the Christmas period, which traditionally accounts for around 10% of annual sales. The survey recorded a reversal of a negative trend which prevailed in 2020, with a 57% of respondents saying the economic condition improved, while a 25% said the economic condition worsened.

The positive forecasts are based on four factors: improved tourist trends, a package of tax cuts announced by the government, an increase in e-sales and to a strong economic recovery. On the other hand, rising prices in hospitality and limitations in accessing supermarket stores have a negative impact. The survey was conducted on a sample of 160 supermarket executives in the period September 20-30.

SOURCE: AMNA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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