April 26, 2024

Athens News

News in English from Greece

Stores open today: discount season

The Athens Chamber of Commerce invited interested store owners to open them today, 11/07, Sunday, but leaving this to the personal discretion of each businessman.

Manufactured goods stores will remain open today. Recommended opening hours are from 11:00 to 18:00. As noted by the Athens Chamber of Commerce, “Commercial companies have proven to adhere fully to health protocols and expect citizens to follow them as well. Consumers will be able to shop at very low prices in a relaxed and safe environment, choosing from a wide range of products. “

As a reminder, summer discounts will last until Tuesday, August 31, 2021. This year summer discounts decided to start earlier in order to stimulate the circulation of funds.

The sales season, according to the law, starts on the second Monday in July. But this year, due to the situation, the Ministry of Development and Investment is deciding to start them early in order to stimulate the economy, opening the season on July 5.

According to the instructions of trade associations to their members, during discounts, in addition to indicating the old and new reduced prices for goods and services that are sold at a discount, the indication and commercial communication of the discount percentage is also permitted.

If a discounted price is provided for more than 60% of all products sold, a demonstration of the discount rate is required (the percentage of the discount must be indicated on the storefront and in any other commercial message addressed to the consumer).

If there are different discount rates for the product category, you should specify the range of the percentage provided (“from …% to …%). In any other case, it will be indicated that discounts apply to individual products, with reference to the corresponding percentage.

The method of calculating and predicting the discounted price must be true and accurate. If checked, store owners should be able to prove that the old selling price shown on the sign is correct.

The General Federation of Consumers of Greece draws the attention of citizens to the following:

Price tags indicating the old (usually crossed out) and new prices should be in visible places in the store. Permissible to indicate percentage discounts. If a discounted price is offered for more than 60% of all products sold, the indicated discount rate, and in the case of different discount rates for each product category, must be indicated on the storefront or on retail counters. The range of the provided percentage is “from …% to …%”. Store owners should be able, in case of control, to prove that the old selling price on the billboard is true. A common scam of some merchants is that they deliberately either overcharge the old actual price or sell “substandard”, so when shopping, take your time and be careful.

The sales season, according to the law, starts on the second Monday in July. But this year, due to the situation, the Ministry of Development and Investment is deciding to start them early in order to stimulate the economy, opening the season on July 5.

According to the instructions of trade associations to their members, during discounts, in addition to indicating the old and new reduced prices for goods and services that are sold at a discount, the indication and commercial communication of the discount percentage is also permitted.

If a discounted price is provided for more than 60% of all products sold, a demonstration of the discount rate is required (the percentage of the discount must be indicated on the storefront and in any other commercial message addressed to the consumer).

If there are different discount rates for the product category, you should specify the range of the percentage provided (“from …% to …%). In any other case, it will be indicated that discounts apply to individual products, with reference to the corresponding percentage.

The method of calculating and forecasting the discounted price must be true and accurate. If checked, store owners should be able to prove that the old selling price shown on the sign is correct.

The General Federation of Consumers of Greece draws the attention of citizens to the following:

Price tags indicating the old (usually crossed out) and new prices should be in visible places in the store. Permissible to indicate percentage discounts. If a discounted price is offered for more than 60% of all products sold, the indicated discount rate, and in the case of different discount rates for each product category, must be indicated on the storefront or on retail counters. The range of the provided percentage is “from …% to …%”. Store owners should be able, in case of control, to prove that the old selling price on the billboard is true. A common scam of some merchants is that they deliberately either overcharge the old actual price or sell “substandard”, so when shopping, take your time and be careful. …



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