Retail

Prices at supermarket chains will fall by 1.92% in June 2024 compared to June 2023, a targeted survey by the Consumer Goods Retail Research Institute (IELKA) exclusively to the channel of large supermarket chains on inflationary trends in organised food retailing.

The following conclusions emerged from the survey:

Retail chains have indulged in an offers spree from this week in an attempt to energize the market ahead of the regular summer sales, which start on Monday, July 8 and end on August 31.

The discounts offered, both at brick-and-mortar stores and mainly through online sales channels reach as high as 50%, which according to market players suggests even greater discounts later.

The Greek subsidiary of the Swarovski Group has returned to profitability, with its sales touching 13 million euros, mainly through the retail channel and specifically its network of stores.

High prices at supermarkets recorded a decrease in May for the first time since they started rising. They were down 1.25% compared to the same month last year, according to the Institute of Retail Consumer Goods (IELKA).

The lawsuit alleges that Amazon used non-public data provided by retailers selling products on the online Marketplace to offer cheaper competing products for sale directly to consumers

The prices of products in supermarkets in May 2024 have declined for the first time on an annual basis and are down by an average of -1.25% compared to May 2023, according to a survey conducted by the Research Institute of Retail Consumer Goods (IELKA) at large supermarket chains.

For the nation's bicycle shops, the past few years have probably felt like the business version of the Tour de France, with numerous twists and turns testing their endurance.

Businesses operating in the industry and retail sectors have until June 30 to adapt to the requirements of the digital labor card, which is going into full effect, and take the necessary actions to comply with the new "Ergani II" system that will operate from July 1. 

Hikes in supermarket prices in comparison with the same period of the previous year, were relatively restrained in April 2024, according to a survey of major supermarket chains conducted by the Research Institute of Retail Consumer Goods (IELKA) and released on Wednesday.

Social media platforms are currently the primary catalyst for e-commerce, with the engaging content created by marketers and modern methods of consumer interaction being pivotal factors for successful online trade worldwide. These global trends largely extend to the Bulgarian market, where sensitivity to pricing stands out as a distinctive characteristic.