The cost of managing the pandemic for supermarkets in Greece is calculated at 96.1 million euros, from March to the end of September, according to the results of a survey by IELKA (Consumer Retail Research Institute), while the total cost for 2020 is expected to exceed 160 million euros, ANA reports. More specifically, the cost of managing the pandemic is estimated to reach 1.55 pct of turnover, when the net operating margin of the industry for the last two years is 0.89 pct. In practice, it means that this new cost exceeds the net profitability of the industry, even in the most optimistic scenarios for its course. Besides this, the operating costs of the last two years for the sector correspond to 23.99 pct of the turnover, which means that this new cost increases the expenses of the companies by 6.49 pct, an increase that is very difficult to manage. RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Hyper nova Let's block ads! (Why?)