Retail has the worst Christmas since the recession; associations point out

Major retailers are already opening the sales deal season with discounts of up to 80%.

Networks and logistics companies confirm a stronger demand between the second and third weeks of December, and a slowdown after the 23rd

By: SiiLA News

12/29/2020

Retail closes 2020 with the weakest year-end performance since 2015 and 2016 when the recession shrank the sector to about 7% at Christmas. Associations project numbers for December below those seen in previous years, reflecting the cut of emergency aid and a new wave of store closings and the reduced opening hours in the country. Major retailers are already opening the sales deal season with discounts of up to 80%.

Logistics chains and companies confirm stronger demand between the second and third weeks of December, and a slowdown after the 23rd, as it continues at a weaker pace this week," said Benhur Cezar, director of online retailer Estrela 10.

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