Pro-Activeness Required To Boost MGR Sector

Weakness in the Czech Republic's economy - we are forecasting a GDP contraction of 2.1% in 2009 - is filtering through to the mass grocery retail (MGR) sector as consumer spending continues to tighten. Consumers are likely to be buoyed by news that cheaper private-label goods are set to take up more shelf space over the coming months as retailers expand their owns offerings. While BMI maintains that retailers will have to operate pro-actively in this difficult environment, we are still forecasting the MGR sector to grow by 70.69% in value between 2009 and

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