Recently Released Market Study: Furniture and Homewares Stores in Egypt
Furniture and furnishings stores continued to operate and report reasonable growth in 2012. This was largely driven by the widening availability of lower-priced furniture. Recently the government lifted import restrictions on furniture from China and Turkey, which resulted in a massive influx of importers, which created tough price competition within the furniture and furnishings stores environment, with many local producers obliged to reduce selling prices and profit margins. However, it...
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