World, As Seen from the most beautiful islands: Ireland and Cyprus

These are top five retailers in Cyprus

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Recent months have seen significant fluctuations in food prices in Cyprus, with some basic foodstuffs experiencing price increases of up to 61%, according to one news outlet in April. Despite this, the Cypriot statistics agency reported a 10.9% increase in value sales in the retail sector in March, with volumes up by 6.5%. In the food, drinks, and tobacco segment, sales were 11.6% higher in March compared to the same month last year, or 52.6% higher compared to the base year of 2015.

To give an overview of the top five supermarket retail chains in Cyprus, here is their most recent full-year turnover data as provided by Retail-Index (www.retail-index.com):

  1. Lidl: Operating 18 outlets in Cyprus as of 2020, this discounter reported a turnover of €122 million in the country.
  2. AlphaMega: A Cypriot-owned supermarket chain dating back to 1958, AlphaMega has 19 outlets across the island and reported a turnover of €117 million in 2020.
  3. Ermes: A department store chain operating several brands and banners, including Armani Exchange, ERA Department Store, Ermes, Navy & Green, Next, OVS, Springfield, Women’s Secret, and Zako (franchise). Ermes has 43 outlets across the island and an estimated turnover of €80 million in 2020.
  4. Papantoniou: Founded in 1987, this Cypriot retail chain operates nine outlets across the island and reported an estimated turnover of €98 million in 2019.
  5. Metro: Unrelated to the German cash-and-carry group of the same name, Metro has six supermarkets across Cyprus and had an estimated turnover of €70 million in 2020. The group was founded in 1982.

Written by: Harry Adams

Harry Adams is a political expert who has been working for various publications under pseudonyms for 11 years. He loves sarcasm and a rigid presentation of the material without decorations.

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