Nicosia, Cyprus. Greek retail chain Jumbo said sales at its Cyprus stores rose by around 9 per cent year-on-year in May 2026, recovering after the Easter-related slowdown recorded in April. For the first five months of the year, sales in Cyprus, including physical stores and online sales, were up by around 3.5 per cent compared with the same period last year.
Group sales performance
Across the group, total sales increased by around 4 per cent year-on-year in May, matching the growth rate recorded for the January-to-May period.
Jumbo said the performance confirmed that the group remains a preferred choice for consumers, even as businesses continue to operate in an environment shaped by prolonged geopolitical tensions, higher energy costs, transport pressures and supply chain uncertainty.
Market conditions
The company said instability across the broader Middle East is increasingly affecting consumer demand, while the prevailing uncertainty is placing greater pressure on less flexible business models.
For Jumbo, retail sales stabilised in May, despite the continued macroeconomic pressures affecting the Romanian market.
At the same time, sales growth from franchise and wholesale activity remained below last year’s levels, reflecting both a more cautious approach to commercial decisions and comparison with a particularly strong base in 2025.
Franchise and wholesale activity
The group noted that sales to franchise partners and wholesale customers had been particularly strong last year, following the normalisation of ordering patterns after the initial supply chain disruptions caused by the Suez Canal crisis.
Outlook
Management said Jumbo’s strong capital base, flexible operating model and long-term strategic outlook allow it to remain agile and adaptable, even during periods of heightened geopolitical tension.
The group added that it will continue to invest strategically for the long term, while keeping its annual budget unchanged.