ICAP survey shows sales drop of Greek electrical appliances

ICAP survey shows sales drop of Greek electrical appliances
ICAP (one of the most successful regional Business Services Groups in South Eastern Europe, awarded the "National Champion 2012/3" at the European Business Awards) Group's survey indicated that the retail sales market of electrical home appliances in Greece fell in 2016, noting that large multinational companies are dominating the sector. This has resulted to the termination of traditional companies.

The survey shows that the sector’s competition is very high and Markos Kontos, the Senior Consultant of ICAP Group, said that the market shrunk by 3.1% in 2016, compared to 2015. Even though the sales in the sector fell by 2.6% in 2015, the earning grew by 5.3%, which led the companies to return to profitability in 2015.../IBNA

Share with your friends: