Nicosia, Cyprus. Jumbo Group reported a 3 per cent rise in February sales and a 6 per cent increase over the first two months of 2026, despite a tough comparative base. The company said February 2025 had been a particularly strong month for Greece and Cyprus due to carnival-related demand.
Cyprus performance
In Cyprus, network sales, including the online store, fell by 1.8 per cent in February. Over the first two months of 2026, they increased by 4 per cent.
Greece performance
In Greece, net sales of the parent company, excluding intragroup sales, rose by 6 per cent in February and by 8 per cent in the first two months of the year.
Bulgaria performance
Bulgaria recorded a 7 per cent increase in February, while sales for the January-February period rose by 11 per cent.
Romania performance and market conditions
In Romania, network sales, including the online store, decreased by 3 per cent in February and by 4 per cent in the first two months of 2026. The company said the Romanian market continues to face pressure from depreciation of the local currency, a recent VAT increase and new fiscal measures weighing on consumption, noting that inflation in Romania stood at 9.6 per cent in January.
Israel expansion and regional developments
Jumbo Group said its partner in Israel, Fox Group, opened the fifth Jumbo store towards the end of February. It added that tensions in the Middle East escalated shortly afterwards, affecting consumer behaviour across the wider region.
Transport, supply chain and currency
The company said disruptions in international transport and the supply chain remain manageable for now due to binding terms secured in advance, while the euro remains strong compared with the same period last year.
How do you expect currency movements and regional tensions to affect retail sales in the coming months?
