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Star Supermarket Chain Management Is Against Unjustified Price Raise

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  • Star Supermarket Chain Management Is Against Unjustified Price Raise

    STAR SUPERMARKET CHAIN MANAGEMENT IS AGAINST UNJUSTIFIED PRICE RAISE

    PanARMENIAN.Net
    05.03.2009 17:04 GMT+04:00

    /PanARMENIAN.Net/ The management of Star Supermarket Chain declared
    itself against the unjustified price increase. The management has
    settled on a partial price in crease for some of imported goods. Only
    goods imported at new prices will be sold at higher prices, Star
    press office reported to PanARMENIAN.Net.

    "We're categorically opposed to turning the current situation to our
    benefit and aim at maximal price increase control. We highly value
    our customers' trust and are sure we'll justify it," Star Executive
    Director Vagan Kerobyan stated.

    Star is one of the major Armenian supermarket chains, comprising 12
    supermarkets located all over Armenia.

    On Mar. 3 the dram-to-dollar exchange rate has gone up to AMD
    360/$1 in few hours against 305 -310 index for sale and purchase
    respectively. Dram/euro exchange rate reached AMD 440 (against
    387). The upsurge followed CB President Arthur Javadian's statement
    on cessation of control over the foreign currency market and return
    to floating rate policy.
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