Electronics retailer Germanos improved its financial fundamentals significantly in 2019.

Property developer Lamda Development is preparing an investment of 8 million euros for the energy upgrade of The Mall Athens, as part of the settlement of pending urban planning issues relating to the property. 

Dutch-owned company Ten Brinke plans to build a new shopping center at Neo Faliro, on the corner of Pireos and Kifissou streets.

Greece’s Green Cola has introduced its product to the United States this year, targeting the world’s biggest market for soft drink consumption.

About seven in every 10 enterprises (68%) recorded a decline in sales over the first couple of weeks of the summer sales window, compared with the same period last year, while just 8% reported an increase, according to a survey by the Hellenic Confederation of Commerce and Entrepreneurship (ESEE).

Online purchases remain the top choice for a large share of supermarket customers, even after the lifting of restrictions and the full opening up of the economy.

The first signs after the reopening of shops following the lockdown appear positive, despite initial negative estimates, according to an analysis from the Institute of Commerce and Services of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE).

 The summer sales turnover is projected to be disappointing at best for Attica retailers, as buying interest remains sluggish.

The Public group is aiming to consolidate itself as the online commerce leader in Greece by implementing significant investments and rapidly adjusting its structure. In the next two years the group intends to carry out a major investment plan of 26 million euros.

Greek retail sales by volume fell 24.8 percent in April compared to the same month a year ago after a downwardly revised 2.4 percent decline in March, statistics service ELSTAT said on Tuesday.

Small store owners and the owners of car parks in the centre of Athens have expressed their disagreement with a municipal plan to create a large traffic-free zone in the capital, saying it would ruin their business.

Supermarkets are expected to post 5.3% growth in turnover this year, as any losses in the second half from the expected contraction of the economy will have been offset by the jump in demand as soon as the first case of the coronavirus was recorded in Greece.

Greece’s three main supermarket chains, Sklavenitis, AB Vassilopoulos and MyMarket, appear to be the biggest winners from the massive rise in turnover in organized food retail.

Greek retail sales by volume dropped 3.1 percent in March compared to the same month a year ago after a downwardly revised 2.5 percent increase in February, statistics service ELSTAT said on Friday.

Digitally upgrading an enterprise can fetch up to 20% more sales compared to its rivals that have not created an online store or made other such moves toward an electronic transformation, according to a report by the Hellenic Federation of Enterprises (SEV).

Online commerce, disinfectants and cooking at home are here to stay. In contrast, habits from the pre-Covid-19 era, such as having a leisurely wander around the supermarket or eating out at restaurants or tavernas, aren’t likely to make a regular appearance anytime soon, at least for most people, a new survey has shown.

Half a billion euros was lost in just 15 days in the second half of March by businesses that were forced to shut due to the measures to contain the spread of the coronavirus – and that amount only concerns companies with double-entry books that offer data on a monthly basis.

Shopping centers, department stores and retail parks opened on Monday for the first time since March 14, when they had been ordered to close by the government.

One in four stores in Athens recorded a decline in turnover of more than 50% in the first week after the lockdown compared to the same week last year, while a total of 82.8% of stores reported worse turnover compared to a year earlier, according to a survey of 204 stores by the Athens Traders Association.

French group Leroy Merlin’s new store was completed by the Aktor construction company at 60 Kifissou Avenue in Kolonos, west of the city center of Athens, within a period of just six months.