Industry

Mother’s Day should generate a loss of $ 617 mm to São Paulo trade

FecomercioSP expects a loss of R$ 3.7 billion ($ 617 million) in São Paulo commerce during Mother’s Day, the second-best date for local commerce. In comparison with the same period of 2019, the month of May should close with a decrease of 31%, and the losses in May might reach up to R$ 19.3 billion ($ 3.3 billion) due to the restrictive measures that keep the trade closed to prevent the advance of the new coronavirus.

Source: Infomoney

Categories: Industry