Mercator predicts slower growth

Slovenian retailer Mercator is projecting a slower net revenue growth of 5% in 2009, which it has put down to expected changes in consumer spending and the scaling back of investment activity. The retailer plans to invest some EUR159 million (USD228 million), 40% less than in 2008. Mercator said the sum corresponds to its available finance, meaning the retailer will not incur any further debt.

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