New Report Available: Home Furnishings in Switzerland
The strong Swiss franc, which reached the milestone of parity against the euro in 2011, encouraged many Swiss residents to cross the border into neighbouring countries to shop. Since the Swiss national bank pegged the Swiss franc against the euro in September 2011, the so-called "shopping tourism" declined in 2012. Retailers in Switzerland also felt strong price pressure and reduced their retailing prices in order to contend with competition from neighbouring France, Austria and particularly...
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