Report: Offers wipe out most gains from rise in Greek supermarket sales

The supermarket sector is showing signs of stagnation, as the avalanche of offers in the battle for market share eats into the small benefits from the relative rise in sales volume.

Researchers Nielsen expect the year to end in the black, but only just, as in the first 10 months of 2017 the sector saw sales rise by just 0.4 percent on the previous year.

Many retailers anticipate 2018 to be a more difficult year for supermarkets as well as suppliers, which will likely lead to a further restructuring of the sector.

Recovery of the Greece’s crisis stricken enterprises is critical for the further promotion of its booming tourist industry

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RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinations Greek travel marketGreek tourism statisticsGreek tourism report

Photo Source: Wikimedia Commons Copyright: Hyper nova License: CC-BY-SA

Source: ekathimerini.com

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