Greek retail chain Jumbo Group has reported a 3 per cent increase in January sales for its stores in Cyprus, according to recent data shared by the company.

This growth comes amid a backdrop of ongoing global logistical challenges, notably the prolonged closure of the Suez Canal.

The company said that there have been signs of improvement in delivery times, “fostering cautious optimism within their supply chain management“.

Additionally, the company mentioned that the landscape is being reshaped by recent tariff impositions and increases by major economies like the United States and China, raising alarms over potential impacts on the global economic stability.

“These factors”, the company pointed out, “coupled with rising energy costs and a strengthening dollar, have heightened concerns about an impending resurgence of inflation.”

Despite these complex global dynamics, Jumbo Group remains committed to maintaining product affordability, ensuring that their cost-quality ratio continues to favour consumers.

“The accuracy of forecasting for 2025 remains challenging under these circumstances,” according to the management, emphasising that a clearer outlook is likely to emerge after the first quarter.

On a broader scale, Jumbo’s overall sales in January 2025 have surged by approximately 11 per cent year-on-year.

This significant growth is attributed largely to the contributions from franchise partners who operate Jumbo-branded stores.

Presently, the group boasts a network of 39 stores across seven countries including Albania, Kosovo, Serbia, North Macedonia, Bosnia, Montenegro, and Israel, marking an increase from 36 stores in the previous year.

In Greece, the parent company’s net sales, excluding intercompany transactions, increased by approximately 15 per cent in January 2025.

This growth was largely driven by an uptick in wholesale sales and a notable increase in exports to franchisees.

In Cyprus, the stores continued to perform well, with sales rising by 3 per cent year-on-year.

Meanwhile, in Bulgaria, the network sales saw a modest increase of about 2 per cent compared to the same month last year, reflecting steady growth in the region.

Over in Romania, both the network and the online store experienced a healthy sales increase of approximately 5 per cent year-on-year.