Greece's Christmas Retailing Suffered The Worst Performance In Decades.

Greek retail alliance ESEE announces Greek Christmas retail Sale The annual drop of 30% has been the most dismal performance in decades. Pressure from domestic tightening measures, economic slowdown and inflation has severely affected consumer confidence.

Comprehensive media reported on December 27th, Greek retail alliance ESEE27 announced that Greek retail sales during the Christmas season fell by 30% over the past decade, the lowest level in decades, due to domestic debt and economy crisis Severe impact on consumer confidence.

ESEE data showed that sales of clothing and footwear fell by 40% during the Christmas season in Greece. An electric appliance Product sales decreased by 30%, and sales of food and beverage decreased by 15%.

ESEE said that 9/10 of the people began to helplessly tighten their consumption. As the domestic economy of Greece was still in recession, workers' salaries and pension expenses had been sharply reduced, and the domestic inflation situation was still rising. All these factors compelled the public to cut down their living standards and reduce their expenditure, although businesses were widely offering discount activities during the Christmas season.