Trade confederation estimates losses of $ 5 billion

The National Confederation of Trade in Goods, Services and Tourism (CNC) estimates that retailers in São Paulo, Rio de Janeiro, Minas Gerais and Brasília suffered losses totaling R $ 25.3 billion ($ 5 bn) due to the coronavirus. The regions account for about 52% of the annual revenue of the sector. In São Paulo, for example, the loss in sales volume will reach R $ 15.67 billion ($ 3 billion) for the period from March 20 to April 5, which would represent a decrease of 29.9% in relation to the usual revenue of the sector.

Source: G1

Categories: Industry