https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-312036.mp3?cb=1736355640.mp3 ZIMBABWE’s formal retail sector endured a challenging year in 2024, characterised by stiff competition from the burgeoning informal traders, working capital constraints and high cost of operating ― all threatening the viability of most businesses.Advertisements This was compounded by a drastic decline in consumer spending as authorities’ tightening of liquidity in the economy weighed…
Will formal retailers turn the corner in ’2025?…as informal traders cement foothold
Resultantly, the big players in the sector, notably OK Zimbabwe, TM Pick n Pay, Choppies and FoodWorld admittedly are feeling the pinch.