Wednesday, February 25, 2015

Chain stores for two months to freeze prices for socially important products – Ekho Moskvy radio station

Chain stores for two months to freeze prices for socially important products – Ekho Moskvy radio station

A draft agreement of the Association of retailers sent to the Federal Antimonopoly Service – the newspaper “Vedomosti”. We already know that the FAS reacted positively to this initiative. The Association includes, in particular, “Magnet”, X5 Retail Group, «Auchan”, “Dixie,” “ABC taste” and other shops. Curbing the growth of prices for socially important products will lead to negative consequences for the market – told Tass independent financial analyst Andrei Verkholantsev. “Competition leads to a natural limitation of the price level, so keep prices administratively can only lead to shortages of some goods. Unprofitable companies will deal with those products, which bring her loss. Or, as another option, the number of stores in which the goods will be presented, will be reduced. This may take some time, but is a permanent policy, I think, can not. Until such time when the economy goes into a grow th phase, which will be reflected positively including the growth of incomes of the population, well, probably, these measures will not be so noticeable and so much help significantly. Yes, it will be a temporary measure very, very short, but it is not a systemic measure. ” Rise in food prices, which began on the background of the product of the embargo imposed in August last year, as well as due to the devaluation of the ruble, has attracted attention of the authorities to retailers. Been calls to top regulation of prices and margins, as prosecutors began checking stores.

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