Schneider Electric Expands Youth Partnership with Enactus to Drive Inclusive Energy Transition in Egypt    China's Jiangsu Zhengyong to build $85m factory in Egypt's Ain Sokhna: SCZONE    Egyptian pound ticks up vs. US dollar at Thursday's close    Egypt condemns Israeli plan to build 3,400 settler homes in West Bank    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Egypt, Namibia explore closer pharmaceutical cooperation    Egypt, China ink $1bn agreement for Sailun tire plant in SCZONE    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egypt's Electricity Minister discusses progress on Greece power link    Egypt's FM discusses Gaza, bilateral ties in calls with Saudi, South African counterparts    Egypt prepares to tackle seasonal air pollution in Nile Delta    27 Western countries issue joint call for unimpeded aid access to Gaza    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Colombia discuss medical support for Palestinians injured in Gaza    Australia to recognise Palestinian state in September, New Zealand to decide    Egypt, Huawei explore healthcare digital transformation cooperation    Global matcha market to surpass $7bn by 2030: Nutrition expert    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt, Uganda strengthen water cooperation, address Nile governance    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Korean Cultural Centre in Cairo launches folk painting workshop    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Clearance sales flop
Published in The Egyptian Gazette on 21 - 08 - 2011

CAIRO – The summer clearance sales, which started on August 8, have been a complete failure in the coastal Governorate of Alexandria. Street sellers offering low-priced wares have spread and settled in front of many shops. They block streets and their presence is detrimental, traders complain.
In the aftermath of the January 25 revolution, local markets were hit severely and sales declined. Street sellers rushed into the vacuum by serving the needs of low-income families.
“I prefer to buy from street sellers. The other day, I found children pyjamas for only LE20 [$3.50]. In a shop I'd have paid LE80,” said Zeinab Abdou Moustafa, a housewife.
During the summer clearance sales, which coincided with the holy month of Ramadan, shop owners offered bonuses and cut prices. “The summer clearance sales came too late this year and were a flop,” complained Fawzi Fahmi, a shop owner.
“The Ministry of Social Solidarity is responsible for delaying the sales,” he added.
“Most people find it hard to make ends meet. Food comes first and clothes second in these hard times,” Ahmed Fahmi, another trader, said.
Meanwhile, consumers oppose the traders' policies. “Shops owners want to get rid of their old stock. They hope to benefit from the summer clearance sales by selling old-fashioned items,” Mohamed Bayoumi, an employee, said.
“The street sellers on the other hand offer the most fashionable and up-to-date clothes for low prices,” student Mohamed Hazaa' asserted.
Street sellers have noble goals; they safeguard good living standards. “Most of them graduated from universities. They chose not to become thugs or thieves, but to make money the honest way,” Yasser Abdel Meguid, an engineer, said. “They are happy with small profits.”
“The Government must support people by offering low-price commodities. This would reduce financial pressure on families,” suggested Rand el-Sayyed, a student.
Shop owners have come down hard on street sellers, claiming they were bad for business. “We have to pay salaries, taxes, rent and more. The Government should stop the street sellers! They offer their wares without licence and have no overheads to pay,” complained Moustafa AbdelAal, a shop owner.


Clic here to read the story from its source.