Updated
Updated · Kathimerini English Edition · Aug 11
Greek Retailers Fall to 140,247 by 2023 as Top Chains Capture Double-Digit Market Share
Updated
Updated · Kathimerini English Edition · Aug 11

Greek Retailers Fall to 140,247 by 2023 as Top Chains Capture Double-Digit Market Share

1 articles · Updated · Kathimerini English Edition · Aug 11

Summary

  • 140,247 Greek retail businesses remained in 2023, down from 189,404 in 2011, with more than 50,000 closures after accounting for new openings.
  • Successive shocks — the financial crisis, Covid-19, and energy and supply-chain strains — hit mostly small retailers, and the decline likely continued through 2024 and 2025.
  • €6.13 billion in 2025 sales gave Sklavenitis 10.25% of Greek retail excluding cars, while ITX Hellas topped €830 million and took 22% of clothing sales.
  • 538,575 people worked in retail in 2025 versus 569,239 in 2009, but salaried staff rose to 365,141 as chains expanded outlets and longer opening hours.

Insights

As mega-chains swallow Greece's retail market, will the extinction of family-owned shops permanently alter the cultural fabric of Greek cities?
Can extreme market concentration and private-label dominance protect consumers from inflation, or will a few retail giants dictate future prices?