27/11/2014 09:14
Hraparak: Carrefour’s opening to result in price growth
The opening of a Carrefour hypermarket in Yerevan will cause serious problems, particularly for business entities. According to ‘Hraparak’ paper, the hypermarket demands big discounts and huge payments from suppliers for the sale of goods, otherwise it rejects cooperation.
Yerevan’s largest supermarket chains – SAS and Yerevan City also decided to make the same demands to suppliers. It will lead to a sharp increase in food prices since suppliers and manufacturers cannot reduce prices at the expense of their profits.