Cyprus
This section covers retail developments and business trends in Cyprus, with a focus on how UK-linked retailers and brands engage with the market. Reporting includes store launches, expansion strategies, tourism-driven retail performance, consumer behaviour insights, and regulatory changes impacting operations. The coverage supports retail executives and managers assessing opportunities, risks, and competitive dynamics in this Mediterranean retail landscape.
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Oct- 2023 -11 OctoberNews
Today’s news in brief-11/10/23
Travis Perkins has revised down its full-year earnings forecast due to challenging market conditions and a significant slowdown in new build housing and domestic renovations and maintenance (RMI) activity in Q3. Group revenues fell by 1.8% in the quarter, with like-for-like sales also down by 1.8%. Pricing declined by 3.1%,…
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11 OctoberNews
Currys to consider offers for Greek business
Currys has announced that it is weighing up offers for its Greek business Kotsovolos after commencing a strategic review in June. The tech retailer said it has been approached by “several potential buyers” but it is not sure whether the sale will go ahead yet. Kotsovolos started as a small…
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Jun- 2023 -16 JuneElectrical
Currys commences strategic review of Greek arm
Currys has announced that it is commencing a strategic review of its Greek business, Kotsovolos, which could lead to a sale of the operations. This comes as the board is of the opinion that the strength of the Kotsovolos brand, its long-term track record of profitability and market position are…
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Oct- 2021 -22 OctoberClothing & Shoes
JD Sports acquires sports retailer Cosmos
JD Sports has announced it has acquired 80% of the Greek sports retailer Cosmos Sport. The group was founded in Greece in 1982 by Fragiskos Tsiknakis, who continues to be active in the business. Since founding the business, he has handed over day-to-day operational responsibilities to his three sons, CEO…
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