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Depressed consumer spend hits Pelhams

HARARE – Listed furniture retailer Pelhams Limited (Pelhams)’s losses widened to $3,3 million from $1,7 million in the year to March 2014 as sales declined by 69 percent to $2,62 million. The group chairperson Tawanda Nyambirai said the decline in sales was due to a combination of factors which included stocking challenges and declining demand….

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