Retail sector struggles signal impending crisis

The survival of the formal retail sector is crucial for the broader economy. These businesses are key contributors to tax revenue, employment, and economic stability.

THE struggles of Zimbabwe’s formal retail sector are more than just a tale of declining sales and closures, they are a harbinger of deeper economic troubles if systemic issues, particularly currency instability, are not addressed. The plight of major retailers like TM Pick n Pay, OK Zimbabwe, and FoodWorld, as detailed in our page 3…

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