Brazil: 75,200 retail stores closed in 2020 – CNC study

The study indicates that the economy lost at least 25,700 formal jobs after the stores closed.

RIO DE JANEIRO, BRAZIL - Brazil's National Confederation of Trade in Goods, Services, and Tourism (CNC) reported on Monday that over 75,200 retail stores closed in Brazil in 2020, the second-largest figure since 2016.

The study indicates that the economy lost at least 25,700 formal jobs after the stores closed as the hardest hit sectors were clothing, shoes, and accessories, followed by supermarkets and electronics and appliance stores.

Brazil is in the worst moment of the pandemic. The last week had the highest average number of daily deaths due to covid-19: 1,180 lives lost daily . . .

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