Grocery Retailers in Egypt - New Market Report
Grocery retailers posted a 7% increase in current value sales in 2013, slightly faster than in 2012, but slower than the review period CAGR. This performance is explained by the onset of an economic slowdown, combined with high inflation rates, which heavily impacted grocery sales. GDP performed poorly in 2013 and packaged food consumption and the expansion of grocery retailers showed signs of slowing down.
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