MacroPolis

Marinopoulos travails point to wider difficulties for supermarket sector

By: Omaira Gill

It’s been a dramatic days for the Marinopoulos, Greece’s biggest supermarket chain. The company filed for protection from its creditors last Tuesday amid 1.3 billion euros of debt, an unprecedented amount for a Greek company. A court granted it temporary respite on Friday.

Marinopoulos granted temporary protection from creditors, Jetoil runs into problems

A court in Athens accepted on Friday evening a request by Marinopoulos, Greece’s largest supermarket chain, for protection from its creditors.

Retail sales down 3.9 pct in April for eleventh successive month

The turnover of Greece’s retail trade index fell by 3.9 percent in April marginally slower than the revised 4 percent drop in March, Hellenic Statistical Agency (ELSTAT) figures displayed on Thursday.

Greece's largest supermarket chain, Marinopoulos, facing bankruptcy

Marinopoulos supermarket chain has filed for protection from its creditors after running up huge debts and could be the latest bankruptcy of a major business in Greece.

Retail sales fall by 4.3 pct in March for tenth straight decline

The turnover of Greece’s retail trade index dropped at a slower pace of 4.3 percent in March from an upward revised 7.6 percent in February, Hellenic Statistical Agency (ELSTAT) figures showed on Thursday.

Folli Follie continues growing in Q1 2016

Greek jewelry and fashion accessory designer and retailer Folli Follie’s Q1 2016 financial results revealed that the group’s consolidated revenue reached 293.7 million euros versus 268.6 million euros last year, an increase of 9.3 percent.

Retail sales down 7.3 pct in Feb for highest drop since July 2015

The turnover of Greece’s retail trade index fell at the notably faster pace of 7.3 percent in February from a revised 3.5 percent drop in January, Hellenic Statistical Agency (ELSTAT) figures showed on Thursday.

Folli Follie Group posts strong 2015 performance

Folli Follie Group’s 2015 financial statement shows that the jewellery and fashion accessory designer and retailer finished the year with a 19.5 percent increase in consolidated revenues.

Retail sales down by 3.8 pct in Jan for eighth straight fall

The turnover of Greece’s retail trade index continued heading south for the eighth straight month in January, when it dropped at an accelerating pace of 3.8 percent after a marginal fall of 0.2 percent in December, Hellenic Statistical Agency (ELSTAT) figures showed on Thursday.

Retail sales slip 0.1 pct in Dec, drop of 2.8 pct in 2015

The turnover of Greece’s retail trade index eased 0.1 percent in December after a revised drop of 5.4 percent in November, Hellenic Statistical Agency (ELSTAT) data showed on Monday.