Jumbo discloses Sofia Vakaki share purchase as Cyprus sales increase

Athens, Greece. Jumbo said on Monday that Sofia Vakaki, an executive member of its board, had bought 3,155 ordinary shares for €76,315.80 on October 8. The retailer also recently reported higher sales in Cyprus and across the group.

Share transaction disclosure

According to Jumbo, the disclosure of Vakaki’s purchase complied with the relevant legal requirements and regulatory rules.

Cyprus growth outpaces group sales

The company reported that September sales in Cyprus were approximately 15 per cent higher than a year earlier. For January–September 2026, the increase was around 7 per cent.

Across the group, sales rose 8 per cent during September and 6 per cent over January–September. Jumbo said Bulgaria also delivered strong growth, while Romania alone recorded a sales decline.

Pressure on household spending

Jumbo described September as an important indicator of wider retail demand because the back-to-school shopping season traditionally makes it a crucial period for trading.

The company said this year’s autumn selling season had taken place against a difficult financial backdrop, with differing retail conditions in Greece, Cyprus, Bulgaria and Romania.

It attributed varying degrees of pressure on consumers’ purchasing power to rising prices and government budget adjustments. Continuing geopolitical conflicts, it added, had kept energy and transport costs unstable.