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Coronavirus – Retail & FMCG Updates From Greece

Published on May 8 2020 11:57 AM in A-Brands tagged: Greece / Coronavirus / COVID-19

Coronavirus – Retail & FMCG Updates From Greece

As part of our efforts to keep you, the ESM reader, notified on the latest coronavirus-related developments in the retail and consumer goods sectors, here are the latest news updates from Greece. Click the link in each snippet to view the full story. To return to the map, click here.

AB Vassilopoulos has announced that it will not collect rents for April from small businesses operating in its stores.

The coronavirus epidemic is likely to continue affect the retail landscape beyond 2020, a survey of leading Greek retailers and FMCG executives has found.

While the COVID-19 outbreak saw an initial surge in purchasing across several key grocery categories, consumer purchasing is starting to stabilise in line with prior-year trends, according to a new study by IRI.

AB Vassilopoulos has announced a donation of €494,000 to Greece's Ministry of Health, which will be used to cover the cost of equipment for intensive care patients.

Greek retail sales rose by 10.1% in January, in value terms, according to a study by statistics firm ELSTAT, however future sales are likely to be impacted by the growing COVID-19 epidemic in the country.

Masoutis has announced that it will offer 30% of its net profits as a bonus to employees working in its stores and logistics facilities, amidst the current coronavirus challenges.

AB Vassilopoulos has announced a new partnership with Speedex, a provider of home delivery services, to increase its range of options for shoppers during the coronavirus crisis.

Greece expects its economy to contract by 1% to 3% this year due to the impact of the coronavirus, finance minister Christos Staikouras has said.

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