Retail commerce turnover down 8.6 pct in 2020

The Greek retail commerce lost around 4.5 billion euros from its turnover in 2020 due to the pandemic crisis and the lockdown, losing around 1.5 billion in the fourth quarter of the year, Hellenic Statistical Authority said in a report on Tuesday.

The statistics service said that accumulated turnover was 47.25 billion euros, down 8.6 pct from 2019 (51.72 billion). Jewelry and watch stores recorded a 46.8 pct decline in turnover, while textiles, clothing and footwear in open markets recorded a 39.8 pct decline in turnover in 2020. On the other hand, enterprises in postal or online sales reported an 18 pct increase in turnover and enterprises in computer and software reported a 13.1 pct rise in turnover.

Turnover in the fourth quarter was 12.47 billion euros, down 10.4 pct compared with the same period in 2019 (13.92 billion) and down 3.0 pct from the third quarter of 2020 (12.86 billion).