Winter sales at local stores to last until February 28

7 January 2017
732 Views

Winter sales get under way at retail stores across the country Monday and are scheduled to last through February 28. Stores will be allowed to open on January 15, as is customary on the first Sunday of each sales period.

The Hellenic Confederation of Commerce and Entrepreneurship (ESEE) has reiterated that retailers are obliged to properly calculate and display the reduced prices, along with the originals and the sale percentage, as is mandatory during the sales season, while in cases of inspections they should be able to prove the authenticity of the original prices.

If inspectors find evidence that sales regulations have been violated, fines will amount to 0.5 percent of annual turnover, with a minimum fine of 5,000 euros.

According to ESEE president Vassilis Korkidis, turnover plunged during winter sales between 2008, when it totaled 8.3 billion euros, and 2013, when it came to 5.89 billion euros. Since then the decline has eased somewhat. Last year, estimates put turnover during the winter sales period at 5.4 billion euros, marking a 5 percent loss compared to the previous year.

You may be interested

Crete is the most popular holiday destination for Brits
GREECE
shares10 views
GREECE
shares10 views

Crete is the most popular holiday destination for Brits

Panos - Jan 21, 2021

Crete is the most popular holiday destination for this year’s tourist season for the Brits, according to online searches made in…

Fastest Brand Growth in 2020 (infographic)
WORLD
shares10 views
WORLD
shares10 views

Fastest Brand Growth in 2020 (infographic)

Panos - Jan 21, 2021

2020 has been a pivotal year for various brands in the U.S. A new report of the fastest-growing brands shows…

Putin dips into freezing waters for Epiphany feast
WORLD
shares22 views
WORLD
shares22 views

Putin dips into freezing waters for Epiphany feast

Panos - Jan 21, 2021

The Russian Orthodox Church celebrated the Epiphany on the night of January 18-19. Taking off his warm coat and under polar…

Leave a Comment

Your email address will not be published.