Tsunami affected coastal retail sector is bouncing back fast according to a survey by A C Nielsen, an international market information company. Tsunami affected coastal retail sector is bouncing back fast according to a survey by A C Nielsen, an international market information company. But the government’s 100-meter rule is preventing 200 small retail shops from starting business in the Southern province.
Almost 3000 small boutiques and shops that did business along the Southern and Western coastal belt were affected by the tidal waves.
The AC Nielson survey did not cover the North and East that was also affected by the tsunami.
Many of the affected had been city-based businesses.
According to A C Nielson retail trade in the Southern Province was affected because many of the towns and the shops were near the coast.
The market research firm says 2500 of the 8000 or 30 percent of the outlets in the Southern Province were affected.
The tsunami impact on the Western province was much less.
A C Nielsen says 40 percent of damaged outlets were back in business by this month.
A C Nielson has divided affec