Parliament wants to end retailers charging customers a surcharge for paying with plastic money by taking advantage of loopholes in the existing legislation. Under a 2021 law, all businesses offering services are
The volume of retail trade in Cyprus decreased by 0.2% over Christmas compared to November, which increased slightly by 0.1% during Black Friday sales. Compared to December 2021, trade volume increased by
Retailers reported their Black Friday sales began an underwhelming start amid a waterfall of complaints of fake offers, with consumers also dissatisfied with the discount level, which averages 20%. Shopkeepers were banking
Consumers are urged to do their homework and research online before heading to stores hunting for bargains on Black Friday. The Cyprus Consumers Association has issued guidelines for shoppers, warning them not
Retailers are hyped over their Black Friday sales campaigns, hoping to see their return take off after two years of COVID restrictions, with all bets placed on the World Cup feel-good factor.
Delivery companies and supermarkets are adjusting their business model by introducing new services, including own-store operations catering to online and from-home shoppers. AlphaMega Hypermarkets has continuously gained ground in the retail market
Retailers are warning the public to brace themselves for another wave of price increases on essential goods, as hikes dairy products are next in line. The news comes just a day after
Encouraged by their improved profits in 2021, one of the island’s largest retail chains, Jumbo, is gearing up to open a second mega store in Nicosia, the sixth in Cyprus. Reportedly, Greek-owned
Despite the sales, Cyprus’ retail sector can’t shake off the coronavirus pandemic, as it has fallen victim to Omicron’s high transmissibility. With many daily cases and close contacts being kept at home,
Many retailers reported their Black Friday sales campaigns were off to an underwhelming start as inflation and the worsening coronavirus landscape have taken their toll on consumer psychology. Shopkeepers were banking on
