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While income development is projected to remain strong, short-term profitability could additionally be moderate because of upfront costs for brand spanking new shops, elevated promoting to spice up foot site visitors, and better discounts. Profit efficiency diversified, with some companies Jewelery News attaining double-digit progress, others posting modest single-digit will increase, and a few reporting losses. A high import duty encourages gold smuggling, which hinders progress within the organised retail gold sector and results in income losses for the federal government.
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