Rio de Janeiro Retail Sales Suffer Record-Breaking Drop in First Semester 2020

According to CDL Rio and SINDILOJAS president, Aldo Gonçalves, Rio's trade has not yet shown any sign of a rebound after reopening last June 27th.

RIO DE JANEIRO, BRAZIL - Rio de Janeiro's retail trade posted a 27 percent drop in sales in the first half of this year, compared to the same period in 2019. This was the highest drop ever in the sector in the capital, according to analysis by the Store Directors' Club (CDL Rio) and the Rio de Janeiro's Storekeepers' Union (SINDILOJAS). Together, the two organizations represent over 30,000 commercial establishments.

According to CDL Rio and SINDILOJAS president, Aldo Gonçalves, Rio's retail trade has not yet shown any sign of a rebound after reopening last June 27th . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?