Metro Cash & Carry

Supermarket businesses have been experiencing a period of robust growth in recent years, creating optimism for the sector’s future, according to the 28th edition of the “Panorama of Greek Supermarkets” by BOUSSIAS Editors. However, profitability remains low, with all costs—operational and otherwise—continuing to rise.

Large food retail networks are struggling again with a staff shortage they had already been experiencing before the pandemic, and the phenomenon is particularly visible for personnel categories like commercial workers, cashiers, pickers or multipurpose workers, Essa Group said in a statement today.

Experian will soon move to a new building. The company involved in the field of information and data with clients such as American Express, Barclays, Yahoo!, Hilton and many others now employs more than 950 employees in Bulgaria.

Goldman Sachs was mandated by German retailer Metro, to find a buyer for real estate owned by the company in Romania and Bulgaria.

Sales at supermarkets remained in negative territory after the first five months of the year, with turnover shrinking by between 5 and 6 percent, according to sector estimates.

The supermarket sector in Greece expects to continue its market concentration that has been going on for seven years now.