Retail sales dropped 2.5 percent in March in comparison with the previous month, recording its worst result since 2003 and third-worst in history. The numbers could have been even worse if it were not for a 14.6-percent bump in sales for supermarkets and the food and beverage industry. Medications and cosmetics also performed better, registering a growth of 1.3 percent.
In comparison to March 2019, this year’s sales were down 1.2 percent, the first year-on-year drop in 11 months.
Retail sales closed Q1 2020 below Q4 2019 levels. It’s important to remember that Brazil only started to enforce social isolation measures late in March — meaning that April and May should be even more daunting months for retailers.
Panama was once a part of Colombia. Its canal, a monumental engineering achievement of its…
The specialization trend among corporate board members It is not only a matter of perception:…
Panama will hold its presidential elections on Sunday, months after huge protests saw thousands descend…
The city of Rio de Janeiro estimates that a Madonna concert this Saturday on Copacabana…
Latin America’s trend of banning opposition candidates from elections has caught on in an ever-growing…
The São Paulo City Council on Thursday approved legislation authorizing Brazil’s largest city to sign…