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Retail
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EconomyMacroeconomy
Retail sales grow for second straight month in Oct with 1.3 pct rise The turnover of Greece’s retail trade index rose again in October, when it increased by 1.3 percent, after a 1.7 percent rise in September, Hellenic Statistical Agency (ELSTAT) figures revealed on Friday.
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EconomyCorporates
Folli Follie 9-month results show revenues up 9.2 pct Greek jewellery and fashion accessory designer and retailer Folli Follie’s 9-month 2016 results show that the group’s consolidated revenues reached 956.2 million euros, an increase of 9.2 percent on the 875.5 million euros from the corresponding period in 2015.
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EconomyMacroeconomy
Retail sales rebound for second time in last three months by 1.7 pct in September The turnover of Greece’s retail trade index increased by 1.7 percent in September after a downward revised drop of 2.5 percent in August, Hellenic Statistical Agency (ELSTAT) figures displayed on Wednesday.
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EconomyMacroeconomy
Retail sales fall by 3.1 pct in Aug after fleeting rebound in July The turnover of Greece’s retail trade index fell by 3.1 percent in August, after a rise of 7.1 percent in July attributed to a low base effect, Hellenic Statistical Agency (ELSTAT) figures showed on Monday.
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EconomyCorporates
Jumbo ends fiscal year with 15.7 pct profit increase Greek retailer Jumbo has posted its results for the financial year of 2015/2016, showing that group sales increased year on year by 9.4 percent, continuing its strong track record of being one of the few recession-beating companies in Greece.
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EconomyMacroeconomy
Retail sales rebound by 7.1 pct in July for first time in thirteen months The turnover of Greece’s retail trade index strongly rebounded by 7.1 percent in July after a drop of 5.2 percent in June, Hellenic Statistical Agency (ELSTAT) figures displayed on Friday.
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EconomyCorporates Folli Follie revenues rise 9.8 pct in H1 Greek jewellery and fashion accessory designer and retailer Folli Follie’s H1 results show that the group’s consolidated revenues reached 652.7 million euros, an increase of 9.8 percent on the 594.3 million euros from H1 2015.
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EconomyMacroeconomy
Retail sales drop for thirteenth straight month by 5.2 pct in June The turnover of Greece’s retail trade index continued heading south unabated, albeit at a slower pace of 5.2 percent in June from a revised drop of 7.9 percent in May, Hellenic Statistical Agency (ELSTAT) figures showed on Wednesday.
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EconomyCorporates
Rescue plan for Marinopoulos set for approval by banks The Board of Directors (BoD) of two Greek core banks, Alpha and Eurobank, have reportedly approved the restructuring plan of Marinopoulos, Greece’s largest supermarket, which had been submitted by the strategic investor, Sklavenitis, one of the biggest Greek supermarket chains.
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EconomyMacroeconomy
Decline in retail sales accelerates to 8 pct in May Greece’s retail sales index accelerated its decline in May, falling by 8 percent year on year from a revised 4.4 percent drop in April, according to data released by ELSTAT on Friday.