Retailers in SP will have a loss of $1.9 bn in the period of the restriction

FecomercioSP calculates that the migration of the State of São Paulo to the restriction rules of the red phase of the SP Plan will cause an average loss in the month of around R$ 11 billion ($1.9 bn). The figure, according to the entity, is similar to the measured impacts of the average monthly decline in April and May of last year. In the capital city alone, FecomercioSP estimates an average loss of R$ 6 billion ($1 bn) for the month being measured.

Source: Agencia Estado