Greek retailers report worst Xmas sales in 10 years
Sunday, 30 December 2012

According to initial estimations, Greek retailers this years have registered the worst Christmas sale in the past decade, dropping by 40% compared with 2011.


Christmas sales of clothes and footwear compared with 2011 has declined by 50%, that of electric appliances by 40% and cosmetics and books by 30%, the National Confederation of Hellenic Commerce said.

Even sales of food items ahead of Christmas this year has dropped by 20% compared to last year.

Nationwide spending on food and gifts fell by 7.6 billion euros this month from 9.25 billion euros in December 2011, the Athens-based trade group said.


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