What you need to know:
- Supermarkets, once thriving, now struggle, with many permanently closing due to increasing competition from informal traders and markets.
- High competition from informal traders and markets drives closure, as consumers favor cheaper, more convenient options.
Supermarkets, once thriving, now struggle, with many permanently closing due to increasing competition from informal traders and markets. This decline raises questions about its implications for consumers and the economy.
High competition from informal traders and markets drives closure, as consumers favor cheaper, more convenient options.
Supermarkets, facing higher costs, struggle to compete with street vendors and markets.
High operating costs, including electricity and rent, hinder profitability for supermarkets.
Reduced consumer spending power and economic growth exacerbate the challenge.
Other factors include high import costs, inadequate supply chain management, and changing consumer preferences.
Consequences include reduced access to quality products, job losses, and decreased economic activity.
Addressing these challenges requires collaboration among stakeholders.
Uganda’s supermarket sector can rebound with a conducive business environment.
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