Win­ter sales at lo­cal stores to last un­til Fe­bru­ary 28

Kathimerini English - - Front Page -

Win­ter sales get un­der way at re­tail stores across the coun­try to­day and are sched­uled to last through Fe­bru­ary 28. Stores will be al­lowed to open on Jan­uary 15, as is cus­tom­ary on the first Sun­day of each sales pe­riod. The Hel­lenic Con­fed­er­a­tion of Com­merce and En­trepreneur­ship (ESEE) has re­it­er­ated that re­tail­ers are obliged to prop­erly cal­cu­late and dis­play the re­duced prices, along with the orig­i­nals and the sale per­cent­age, as is manda­tory dur­ing the sales sea­son, while in cases of in­spec­tions they should be able to prove the au­then­tic­ity of the orig­i­nal prices. If in­spec­tors find ev­i­dence that sales reg­u­la­tions have been vi­o­lated, fines will amount to 0.5 per­cent of an­nual turnover, with a min­i­mum fine of 5,000 eu­ros. Ac­cord­ing to ESEE pres­i­dent Vas­silis Korkidis, turnover plunged dur­ing win­ter sales be­tween 2008, when it to­taled 8.3 bil­lion eu­ros, and 2013, when it came to 5.89 bil­lion eu­ros. Since then the de­cline has eased some­what. Last year, es­ti­mates put turnover dur­ing the win­ter sales pe­riod at 5.4 bil­lion eu­ros, mark­ing a 5 per­cent loss com­pared to the pre­vi­ous year.

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