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The aggressive expansion of retailers is causing small local entrepreneurs to drop plans to open convenience stores
The aggressive expansion of retailers is causing small local entrepreneurs to drop plans to open convenience stores, with the number of newly established companies that operate non-specialist stores or shops in a market, dwindling every year.
Whereas the number of retail companies accounted for 8.4% in the total number companies created in 2004, in 2007 the percentage reached 4.9%, data from the National Trade Registry Office (ONRC) reveals.
Only 6,946 retail firms operating non-specialist stores were created in 2007, compared with the year before when the number was 40% higher, and double in 2004.
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