"Vacuum Cleaners in Greece" Published
The ongoing economic recession and its impact on disposable income are the factors behind the negative performance of vacuum cleaners. Booming unemployment rates, wage and pension cuts and rising taxation have literally squeezed the Greek market, with consumers being obliged to make cuts on everything. In this context, volume and value sales of vacuum cleaners decline by 8% and 15%, respectively, in 2013. In short, consumers do not make replacement purchases unless it is totally necessary, and,...
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