By Jay Forte, Contributing Reporter
RIO DE JANEIRO, BRAZIL - The retail sales in Rio de Janeiro fell 6.1 percent in March this year, compared to March 2015, according to the Sales Thermometer released yesterday (April 26th) by Centro de Estudos do Clube de Diretores Lojistas, or Shopkeepers Directors Club Study Centre - CDLRio. It is the worst result since March 2006 when the drop reached 10.6 percent.
With the result of March, retail sales of Rio closed the first three months of the year (January to March) with cumulative decline of nine percent from the same period last year . . .