{"id":651768,"date":"2017-02-20T04:08:41","date_gmt":"2017-02-20T04:08:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/retailers-to-respond-to-egp-appreciation-with-promotions-price-reductions-await\/"},"modified":"2017-02-20T04:08:41","modified_gmt":"2017-02-20T04:08:41","slug":"retailers-to-respond-to-egp-appreciation-with-promotions-price-reductions-await","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/retailers-to-respond-to-egp-appreciation-with-promotions-price-reductions-await\/","title":{"rendered":"Retailers to respond to EGP appreciation with promotions; price reductions await"},"content":{"rendered":"

<\/a> Retailers will respond to the appreciation of the EGP with more promotions and discounts rather than by reducing prices on the shelves, Al Borsa<\/a> says. Spinneys hypermarket chain CEO Mohanad Adly says suppliers are rolling out \u201cspecial offers\u201d as a prelude to more permanent price reductions following calls to reduce prices at the same pace they were increased at in response to the EGP devaluation. A dairy producer says the price reductions will be proportional to the appreciation of the EGP as, according to him, most companies priced their production at an exchange rate of EGP 17.5 per USD 1 in order to maintain their market shares. Separately, a government source noted that the Supply Ministry is considering increasing the allotment of goods available to each ration card holder.<\/p>\n","protected":false},"excerpt":{"rendered":"

Retailers will respond to the appreciation of the EGP with more promotions and discounts rather than by reducing prices on the shelves, Al Borsa says. Spinneys hypermarket chain CEO Mohanad Adly says suppliers are rolling out \u201cspecial offers\u201d as a prelude to more permanent price reductions following calls to reduce prices at the same pace […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9315],"tags":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-651768","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"d354f5c6-b789-4b3b-9835-adabb6db1a80","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[651728],"teaser":"","voice_url":""},"yoast_head":"\nRetailers to respond to EGP appreciation with promotions; price reductions await - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/retailers-to-respond-to-egp-appreciation-with-promotions-price-reductions-await\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retailers to respond to EGP appreciation with promotions; price reductions await\" \/>\n<meta property=\"og:description\" content=\"Retailers will respond to the appreciation of the EGP with more promotions and discounts rather than by reducing prices on the shelves, Al Borsa says. 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The company will now sell a ton of steel rebar at EGP 19.17k, down from EGP 20k, the company announced in a disclosure\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/392.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566955,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/08\/govt-keeps-fuel-prices-unchanged-through-march\/","url_meta":{"origin":651768,"position":1},"title":"Gov\u2019t keeps fuel prices unchanged through March","author":"enterpriseam admin","date":"8 January 2020","format":false,"excerpt":"Gov\u2019t leaves fuel prices unchanged through March: The government\u2019s fuelpricing committee has decided to maintain the current prices for all grades of fuel until the end of March, according to a statement (pdf). This means that prices will remain at EGP 8.75 per liter of 95-octane, EGP 7.75 per liter\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598590,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/29\/lighthouse-research-says-egp-still-pegged\/","url_meta":{"origin":651768,"position":2},"title":"Lighthouse Research says EGP still pegged","author":"enterpriseam admin","date":"29 May 2019","format":false,"excerpt":"The EGP is still \u201ctightly managed\u201d and will continue to appreciate, Dubai-based Lighthouse Research said in a note (pdf). The firm said the appreciation of the EGP against key currencies since the start of the year \u201cdefied the broader sell-off in global emerging market assets.\u201d It pointed out that the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574429,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/09\/bloomberg-wonders-whether-fawry-shares-are-overvalued\/","url_meta":{"origin":651768,"position":3},"title":"Bloomberg wonders whether Fawry shares are overvalued","author":"enterpriseam admin","date":"9 September 2020","format":false,"excerpt":"Bloomberg wonders whether Fawry shares are overvalued, asking whether there\u2019s still gas in the tank after a 300% appreciation that has left the stock looking expensive when you consider \u201cthe Egyptian firm\u2019s trailing 12-month price-to-sales ratio is 20, about the same as credit-card giant Mastercard, whose revenue is significantly greater\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/115.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569280,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/19\/what-has-been-driving-the-egp-appreciation-and-who-stands-to-gain-or-lose-from-its-rally\/","url_meta":{"origin":651768,"position":4},"title":"What has been driving the EGP appreciation \u2014 and who stands to gain or lose from its rally?","author":"enterpriseam admin","date":"19 February 2020","format":false,"excerpt":"EXCLUSIVE- What has been driving the EGP appreciation \u2014 and who stands to gain or lose from its rally? The EGP has been on tear for more than a year now, gaining almost 13% against the greenback since the beginning of 2019, when it stood at EGP 17.85 \/ USD\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/252.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578186,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/19\/a-new-task-force-will-suggest-fair-prices-for-up-to-15-strategic-commodities\/","url_meta":{"origin":651768,"position":5},"title":"A new task force will suggest fair prices for up to 15 strategic commodities","author":"enterpriseam admin","date":"19 December 2022","format":false,"excerpt":"The Supply Ministry has set up a committee to determine the \u201cfair price\u201d of a number of foods classed as strategic commodities amid soaring inflation. Representatives from the Consumer Protection Agency, the Federation of Egyptian Industries, and the Federation of Egyptian Chambers of Commerce will decide prices for between 10\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/384.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/651768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=651768"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/651768\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/651728"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=651768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=651768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=651768"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=651768"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=651768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}