By George Lampiris A strong investment stake has recently been at the forefront of the strategy of the two largest supermarket chains in Greece. The reason for the Greek Supermarkets Sklavenitis and AB Vassilopoulos, companies that are currently investing in the strengthening of their store network with large stores of more than 2,500, ie with […]
Tag: Super Market
New cycle of reorganizations in organized retail
The supermarket industry is entering a cycle of new reshuffles, with several chains exploring more targeted acquisitions, two years after the covid-19 pandemic boosted revenue but also overturned expansion plans. Exploratory contacts are underway, the partnerships are put back on the negotiating table, while Carrefour returns to Greece by the summer, ten years after the […]
G. Masoutis: Increases in energy bring acquisitions and mergers of supermarkets
By George Lampiris For intense pressures that will be faced by the smaller mainly – though not only – supermarket chains, with low profitability or negative results on the bottom lines of their balance sheet, he speaks in Capital.gr, the managing director of D. Masoutis SA, Giannis Masoutis. The result of these pressures will, according […]
A sweeping wave of price increases in basic necessities as well
By George Lampiris Increases which on average amount to the level of 2.5% compared to the corresponding period last year are currently recorded in the selling prices of fast-moving consumer goods in Greek supermarkets, as reported by executives from this sector, while pointing out that These increases are expected to be further strengthened, especially from […]
Zagori: Where to invest 14 million euros
By George Lampiris Hitos SA, which distributes natural mineral water in Zagori in Greece, is investing a total of 14 million euros. The company will reportedly install a new PET bottle line, which will be the largest and fastest in Europe at the moment in the field of water bottling and will come from the […]
K. Hatzidakis: The first application of the digital work card in banks and supermarkets
The biggest problem in the labor market is undeclared and undeclared work, which will be addressed with the digital work card, stressed the Minister of Labor, Kostis Hatzidakis, speaking on SKAI radio. According to the minister, the electronic brain of the system will be ready by March and the goal is to be implemented by […]
What changed with the supermarket payments to suppliers
By George Lampiris A multi-speed market is currently being recorded in supermarkets and is related to the difficult bet regarding the repayment time of their suppliers, ie the food industry and the companies operating in the primary sector after the activation of law 4792/2021, which provides the repayment of suppliers of food and agricultural goods […]
The festive schedule ‘heats up’ the market
By George Lampiris The image of the retail stores was improved from Saturday onwards, given the operation of the stores with festive hours, something that has already started to be implemented from last Sunday, December 12th. In communication that had the Capital.gr with the president of the Athens Chamber of Commerce, Stavros Kafounis, characteristically points […]
IELKA: This year’s Christmas table is 5% more expensive
The average price for the Christmas table in the big supermarket chains has increased by 5% in 2021 compared to 2020, according to the Consumer Goods Research Institute (IELKA). The IELKA study presents the results of product price research in large supermarket chains in Greece in December 2021. It is based on pricing from large […]
ELOMAS is trying to enter a wedge in the competition of supermarkets
By George Lampiris The ELOMAS shopping group is looking for its footprints in the next day of the departure of the two big chains of Kritikos and Bazaar in the autumn of 2020. The two chains, of which Kritikos recorded a turnover of 390 million euros in 2020 and Bazaar 190 million euros, at first […]