<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The Greek economic activity has been declined dramatically in recent years as many sectors of the economy that cannot cope with the new state brought about by the economic crisis. An economic crisis can be described as the phenomenon when an economy is characterized by a continuous and noticeable decline in its economic activity. As an economic activity, we are referring to all the macroeconomic dimensions of the economy, such as employment, the national product, prices, investments, etc. The downturn in the supermarket sector, which is attributed to the country’s financial situation, has led to a decline in the household disposable income. The present study was carried out at the time of the economic crisis, concerning a productive sector of the Greek economy, where millions of euros are exchanged hands. The objective of the study was to explore the impacts of the economic crisis on the sector by using a series of financial indicators. The results point to significant effects on the efficiency and earnings of the major actors of the sector.</p>
</abstract>

The Greek economic activity has been declined dramatically in recent years as many sectors of the economy that cannot cope with the new state brought about by the economic crisis. An economic crisis can be described as the phenomenon when an economy is characterized by a continuous and noticeable decline in its economic activity. As an economic activity, we are referring to all the macroeconomic dimensions of the economy, such as employment, the national product, prices, investments, etc. The downturn in the supermarket sector, which is attributed to the country’s financial situation, has led to a decline in the household disposable income. The present study was carried out at the time of the economic crisis, concerning a productive sector of the Greek economy, where millions of euros are exchanged hands. The objective of the study was to explore the impacts of the economic crisis on the sector by using a series of financial indicators. The results point to significant effects on the efficiency and earnings of the major actors of the sector.

Financial Analysis of Major Retail Chains within a Turbulent Economic Environment

Department of Regional Development & Cross Border Studies

Studies in Business and Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The Greek economic activity has been declined dramatically in recent years as many sectors of the economy that cannot cope with the new state brought about by...

Financial Analysis of Major Retail Chains within a Turbulent Economic Environment

Published Online: Jan 26, 2021

Page range: 208 - 222

DOI: https://doi.org/10.2478/sbe-2020-0054

Keywords
Food retailing, economic crisis, financial indicators

© 2020 Zisoudis Nikolaos et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Financial Analysis of Major Retail Chains within a Turbulent Economic Environment

Published Online: Jan 26, 2021

Page range: 208 - 222

DOI: https://doi.org/10.2478/sbe-2020-0054

KeywordsFood retailing, economic crisis, financial indicators

© 2020 Zisoudis Nikolaos et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Food retailing, economic crisis, financial indicators