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Tag Archives: retail

Nike announces changes in retail operations in Greece

Sports footwear and apparel manufacturer Nike informed Greek consumers of changes in its retail operations in the country. In an announcement on Wednesday, Nike said consumers will be able to use its online shops (, Nike apps), the brand name stores and a small number of strategic partners in Greece. …

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Greek retailers demand reopening of stores, Ministry reviewing options

Greek retailers imperatively demand the reopening of the market warning that the two-month lockdown is threatening their existence. With shops shut down, revenue losses reportedly 100-120 million euros per day. The click away during the holiday season may have helped some market sectors and for a short time, however, revenues …

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Greece extends lockdown for one more week until Jan 18

Head of Civil Protection and deputy Minister Nikos Hardalias announced on Friday the extension of the existing lockdown for one more week. The lockdown restrictions that were supposed to end on January 11 will be in force until 6:00 a.m. Monday, January 18, 2021, he said. In contrast to initial …

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Greece to announce operation of retail stores, hairsalons, churches on Friday

Government spokesman Stelios Petsas and Development Minister Adonis Georgiadis will announce the lifting of some restrictions on the retail sector that will apply during the holiday season on Friday morning. The health ministry’s committee of coronavirus experts is considering the operation of retail shops, hairdressers, and also of churches over …

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Greek Commerce Federation complains about low revenues from tourism

Tourism, one of the locomotives of Greece’s economy shows impressive growth to in 2017-2018, however, the growth does not translate into increased revenues for the tourism industry, a study conducted by the Institute INEMY of the Hellenic Confederation of Commerce and Entrepreneurship ESEE has found. For the period 2017-2018, the …

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Q&A: How Will a 50% Greek “Haircut” Affect Our Lives?

The rumors and the scenarios about a 50% ” Haircut” of the Greek debt and an “orderly default” , call it also “controlled bankruptcy”, keep whirling around the heads of ten million Greeks causing increased uncertainty and depression. With the tax hikes and the income decreases, the Greek household have already …

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