Tourism rise may bol­ster re­tail sales by 5 pct this year

Kathimerini English - - Focus -

Traders are ex­pect­ing an in­crease in sales from this year’s sum­mer sales, in con­trast to the pes­simism seen in pre­vi­ous years. The op­ti­mistic es­ti­mates are based on the prospect for a rise in tourism in­flows, with the Hel­lenic Con­fed­er­a­tion of Com­merce and En­trepreneur­ship (ESEE) re­cently say­ing that turnover in re­tail com­merce this year – not just in the sales win­dows – could grow by up to 5 per­cent given the strength of tourism book­ings.

The sum­mer sales of­fi­cially be­gin on Mon­day, July 10, and will end on Au­gust 31. Still, many stores started low­er­ing the prices of a con­sid­er­able por­tion of their mer­chan­dise sev­eral days ago.

A key fac­tor in the course of re­tail com­merce turnover – par­tic­u­larly in cer­tain ar­eas – will be the ap­pli­ca­tion of the re­cent leg­is­la­tion on Sun­day open­ing hours.

The law dic­tates that stores may open on the first Sun­day of the sales – i.e. on July 16 this year. How­ever, the re­cent law al­lows for the open­ing of stores on all Sun­days from May to Oc­to­ber (ex­cept for the sec­ond Sun­day of Au­gust) through­out the Mu­nic­i­pal­ity of Athens, around Athens Air­port, in parts of Pi­raeus and south­ern At­tica, and in the his­toric cen­ter of Thes­sa­loniki.

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