Cyprus retail sector performance during the Easter period

The Secretary of the Pancyprian Retailers Association (PASYLE), Mr. Antoniou, reported that the Cyprus retail market performed satisfactorily during the Easter period without significant disruptions. Despite external challenges, including the conflict in the Middle East and concerns regarding foot-and-mouth disease, the supply chain remained stable with no product shortages reported. Consumer traffic was sufficient in both supermarkets and shopping centers. While lamb prices experienced an increase, the association attributed this exclusively to the foot-and-mouth disease situation rather than the regional conflict. PASYLE noted that consumer psychology has been affected by current global events, which influences overall spending. The report clarified that Easter is primarily characterized by demand for supermarkets, bakeries, and butcher shops, distinct from the peak retail activity seen during Christmas. Finally, for clothing and footwear, the association noted that weather conditions, such as lower temperatures, significantly impacted consumer choices.