Annual summer sales, which will last until August 31, begin today bringing with them great expectations for a boost to the retail market.
Next Sunday, July 17, stores can opt to remain open across the country from 11am to 8pm.
Read also – Summer Sales: Big discounts, high expectations for merchants
Summer sales are an opportunity for consumers to get some products at better prices in the run-up to the summer holidays as inflation has crushed the household disposable income.
In its announcement, the Business and Retail Association of Greece regarding the subject of summer sales states that: “During both the sales and the opening of the stores on Sunday, July 17, the retail businesses will display a wide variety of their products at extremely attractive and favorable prices”.
Also in his statements, the president of the Piraeus Chamber of Commerce and Industry, Vassilis Korkidis, notes that: “From Monday, July 11, a long period of relief will begin in the face of punctuality and in favor of burdened family budgets, which will last 50 days, until August 31, and is appropriate for “smart” purchases”.
Buyers should pay attention that both the former price and the sale price are written on the relevant price tags. Retailers are not obliged to write the percentage of the sale, but if they do they should follow the number with the word sale (i.e. 50% sale). Ask if returns are allowed, and keep receipts if there is a possibility that you may return an item. Remember that not all items in a store are on sale, and those not discounted may actually be pricier than at other stores.
While some items may be on sale, others may be on offer, meaning that these are older or outdated items and possibly cannot be returned after being bought. In any event, consumers should noot hesitate to ask staff about any item, its origin and its qualities. Retailers are obligated by law to answer any and all questions concerning an item they are selling.
Latest News
DM Dendias: We talk With Turkey But We Always Bring Up Their Unacceptable Positions
Second and last day of closely watched conference, entitled 'Metapolitefsi 1974-2024: 50 Years of Greek Foreign Policy', also included appearances by PM Mitsotakis, Ex-PM Tsipras and PASOK leader Nikos Androulakis, among others
Rhodes Airport Tops Fraport Greece’s Regional Airports in 2024 Performance
According to Fraport's data, more than 35 million passengers (specifically 35.2 million) were handled by Fraport-managed airports during the 11 months.
European Central Bank Cuts Interest Rates by 25 Basis Points
It is the fourth cut of interest rates by Europe’s central bank, a move expected by the markets and financial analysts leading to the rate settling at 3%.
Airbnb: New Measures Add €600 in Extra Costs for Property Owners
Property managers face an immediate administrative fine of 5,000 euros if access to the inspected property is denied or any of the specified requirements are not met.
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.