Households change consumption patterns

Friday, March 21, 2014

Botswana’s largest retailer, Choppies Enterprises Limited says it has observed a shift in households’ consumption patterns due to the prevailing pressure on personal incomes with consumers cutting down on spending, particularly luxurious commodities.

Due to low domestic demand, retailers have also increased prices at a slower rate resulting in the prevailing low inflation environment.

At the presentation of the group half-year results, Choppies CEO Ramachandran Ottapathu said consumers are no longer spending on luxuries.

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Households change consumption patterns

Botswana’s largest retailer, Choppies Enterprises Limited says it has observed a shift in households’ consumption patterns due to the prevailing pressure on personal incomes with consumers cutting down on spending, particularly luxurious commodities.