The retail sector looks to be recovering but there is a shift in development from the small local grocery stores and clothing stores to large malls and centers. The changing lifestyles and consumption patterns of households have changed the form of retail outlets. Supermarkets and Hypermarkets, as well as large department stores are spreading throughout Greece. The retail sector is one of the most dynamic in Greece. Changing consumer behavior and lifestyles have led to changes in the form of retail outlets. According to the NAI Greek retail report the figures suggest that
The Greek economic sentiment indicator saw an increase in January this did not last due to the uncertainty associated with the Greek program resulting in companies reevaluating to a more conservative level.
The turnover index began to decline in 2010 due to the crisis it began to fall slowly but when the relative resilience reached dramatic levels in 2012 it dropped rapidly. In 2013 there was a slight improvement due to the amelioration of the situation but this did not last long dropping again in 2014 due to the political and economic uncertainty.
In conclusion the Greek retail market looks to be improving. International companies are showing confidence in the retail market and a slight improvement is evident. There is a positive outlook with sales volume and turnover increasing.
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