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SUMMER SALES PERIOD IS ON!
Tomorrow, Monday 10 July, the summer sales will start in our region, which will last until 31 August, giving the consumer the opportunity to buy goods at lower prices.
For this reason, the shops on our island will remain open on the first Sunday of the sales, i.e. on 16 July from 11 in the morning to 8 in the evening.
Indeed, in a relevant announcement of the Commercial Association of Rhodes once again points out that if the discounts are proven to be inaccurate or misleading, a fine equal to 2% of annual turnover and in any case not less than 20,000 euros.
In detail it states the following:
"The Commercial Association of Rhodes informs that according to article 15 par. According to article 15, paragraph 1 of article 4177/2013, the summer sales year 2023, will begin on Monday, July 10 and will last until Thursday, August 31.
According to paragraph 2a of article 15 of Law No. 4177/2013, as amended by Law No. 5039/2023, any notice of price reduction shall indicate the previous price applied by the trader for a specified period of time prior to the application of the price reduction.
HOW TO SPOT THE LEGIT SALES ANNOUNCEMENTS
As a price reduction notice, according to chap. 2 par. 8 of the new Code of Conduct on Price Reduction Announcements (YA 35935/13-4-2023), is any announcement by the trader that he has reduced the price of a product in the following form:
- Either a percentage (%), e.g. "20% discount".- Or a specific amount, e.g. '10 euro discount'.
- Either a new (lower) price is indicated together with an indication of the previous (higher) price applied. The previous price may be displayed in a strikethrough format, e.g. "now 50 euro, before 100 euro" or "50 euro 100 euro".
Previous price means the lowest price applied by the trader during the 30-day period prior to the application of the price reduction.
Where the product has been on the market for less than 30 days, the preceding price shall be the lowest price applied by the trader during the period in which the product has been on the market.
Where the price decreases progressively over the 30 days preceding the application of the price reduction, the preceding price shall be the price in force before the application of the first of the successive price reductions.