Big trouble? A wave of store closures can come with the mandatory promotions
The introduction of the new mandatory promotion has caused concern among retailers, who say it could have serious consequences for the sector.
Experts speaking to Pénzcentrum point out that this means free advertising for larger store chains and discounters, since customers can find their promotions not only in their own publications, but also on the government’s website.
According to the CEO of Eger és Vidéke Coop Zrt., Sándor Sütő, the company group is trying to comply with the decree, but believes that inflation cannot be reduced with mandatory actions. In addition, he notes that the interventions that have taken place so far and the high energy prices have already had a negative impact on the retail sector.
Related news
Support for small shops: almost HUF 40 billion in development funds arrived in Zala
Almost HUF 40 billion in development funds have arrived in…
Read more >Mandatory campaigns are not only in Hungary
Serbia continues the fight against inflation and continues to expand…
Read more >The European Court of Justice can decide whether the shops passed the price cap
Spar filed a complaint with the European Union regarding the…
Read more >Related news
Euro zone inflation was 2.4 percent in April as well after March
In line with analysts’ expectations, annual inflation in the euro…
Read more >Gergely Suppan: the recession is clearly over in Hungary
The recession is clearly over in Hungary, from now on…
Read more >K&H: the inflation anomaly is clearly visible, but customers perceive it differently
Although inflation has slowed down a lot, according to the…
Read more >