December sales figures indicate a slight increase in consumer spending compared to last year, driven primarily by holiday gifts. However, overall retail growth for 2024 remains modest, with concerns over rising costs in the new year. Notable trends include strong…
Retailers experienced a modest increase in sales during December, with growth of 3.2% compared to the previous year, driven by popular gift categories. However, overall performance for 2024 remains dismal, finishing only 0.4% higher than 2023. Experts warn of challenging…
The Piraeus Chamber of Commerce reports a satisfactory performance in Greece’s holiday market, with retail sales expected to rise by 6% year-on-year, surpassing €4 billion in December. Factors influencing consumer behavior include an increase in Christmas bonuses and a drop…
The Christmas shopping season in Germany has been underwhelming for retailers, primarily due to political crises and global uncertainties affecting consumer sentiment. Alexander von Preen, president of the German Retail Association (HDE), noted a decline in sales compared to 2023….
As the holiday season approaches, foot traffic in commercial stores in Western Thessaloniki and Evosmos has increased significantly, with around 2,000 stores drawing shoppers from nearby areas. Retailers expect a spike in sales during the festive period. Despite a 3%…
This article discusses the favorable long holiday breaks for Swiss employees during the festive season, highlighting how smart planning can lead to 16 days off with minimal leave. It contrasts this with the challenges faced by retailers, particularly in December,…
The turnover of fast-moving consumer goods (FMCGs) in Greece reached €9.957 billion from January to October 2024, marking a 3.5% increase from the same period last year. Private label products continued to gain ground, capturing a market share of 26.7%….
The Greek Confederation of Commerce and Entrepreneurship’s 2024 Black Friday report shows varied satisfaction among retailers, with 81% participating this year. Over half reported moderate sales satisfaction, while 50% saw sales increases compared to 2022. Despite weather concerns, 90% were…
The Black Friday sales event has officially launched the holiday shopping season in Greece, as noted by Vasilis Korkidis, president of the Piraeus Chamber of Commerce. Consumers showed strong interest in electronics, clothing, and cosmetics, with varied discount rates. Major…
US shoppers spent approximately $10.8 billion online on Black Friday 2023, marking a 10.2% increase from the previous year. E-commerce giants like Amazon and Walmart benefited from the surge, with Walmart enhancing its delivery services. Popular online purchases included beauty…
Retail sales declined by 0.7% in October, with a notable drop in clothing store sales, as consumers hesitated to spend ahead of the Budget announcement. The Office for National Statistics attributed the cautious spending to speculation about potential tax increases….
Retail sales experienced a 0.7% drop in October as consumers became cautious about spending ahead of the Budget. Official figures from the Office for National Statistics (ONS) revealed a significant decline particularly in clothing stores, attributed to speculation regarding potential…
