Mother’s Day, which this year falls on Sunday, May 10, is typically one of Brazilian retail’s biggest calendar events of the year, taking second place only to Christmas in terms of sales volume. However, this year, the Covid-19 pandemic is set to slash retail sales by 59.2 percent, according to the National Confederation of Commerce, as “non-essential” stores are closed in most areas of the country.
No segment will be hit harder than clothing, with sales expected to fall 74 percent. Even book sales are set to lose 37 percent of its expected revenue, despite the segment being strong in e-commerce.
The relationship between farmers and the Luiz Inácio Lula da Silva administration is by no…
Pelé, Ronaldo, Zico, Marta … All of Brazil’s truly immortal sporting icons are footballers, that…
Speaking before a Senate hearing on Tuesday, Chief of Staff Rui Costa admitted that Brazil…
New job market data from the Brazilian Institute of Geography and Statistics (IBGE) show the…
Brazil officially had 5.83 million domestic workers in 2022 — almost the entire population of…
Brazil’s Ministry of Health this month announced a purchase of 12.5 million doses of Moderna’s…