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Retailers tackle slow spending

By on Jul 18, 2013 in Property News

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Manufacturers and retailers plan to launch offensive sales strategies in the second half of this year to pry open consumers’ pockets after their spending was projected to be worse than earlier projections.

They blame the state’s first-time car buyer policy as a major reason for the decline, as it leaves people with little to spend.  As well, they said shoppers have changed their behaviour, tending now to buy goods in smaller portions and closer to home to avoid heavy traffic around shopping complexes.

These conditions have led to declining retail sales in the first half, and many operators are expected to miss their full-year sales projections.

To cope with these negative factors, manufacturers and retailers must reduce costs, improve stock inventory management and arrange more sales events to near customers’ workplace, suggests a Saha Group executive.  To continue reading, visit  Bangkok Post

Source : Bangkok Post 18 July 2013

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