Store sales fell 40% in the last week compared to 2019

in News · 19-07-2020 16:00:00 · 4 Comments

Sales in stores fell 40%, between 6 to 12 July, when compared to 2019, according to data given by the Association of Retail and Catering Brands (AMRR).

“The analysis included collected data in more than 2.300 stores associated to AMRR, from north to south of the country. The average drop was 40% compared do the previous period”, indicated, in a press release, the association.

According to AMRR, the shopping centre stores continue to be the most affected ones with an average loss of 42%.

“Since the reopening of commercial spaces of larger dimension, on 1 June, and despite the massive price reductions and liquidation of stock, the loss of sale by tenants has been worsening, always settling in the order of 40%”, underlined the association, highlighting that June was the fourth consecutive month with high losses for tenants due to the reduction of shopping centre visitors.

In the same document, the president of AMRR defended the necessity of a “balanced regulation” and support to maintain the sector’s operation and the more than 375 thousand direct and indirect jobs in shopping centres alone.

“We can not sit around waiting for effective support by the landlords and fund that own shopping centres. The funds have announced support of 305 million euros, which in most cases are covered by defaulted moratoriums that we will have to pay later”, said Miguel Pina Martins.

This official also recalled that the rent forgiveness announced were, sometimes by means of “twenty times more commitment on the part of tenants in extensions of contracts up to six years and with unfair terms in contracts that oblige tenants to renounce fundamental rights”.


Comments:

I am surprised that the decline is only 40%. At the moment I am only buying the essentials and then where it is most convenient (big stores where one doesn't have to queue outside). I also order online when that seems to work better. I guess that very many shops and restaurants and bars will be gone in a year.

But as long as the Portuguese are/were happy with the anti Corona measures imposed by the government, I guess it was all worth it.

By John Dough from Lisbon on 21-07-2020 06:59

Typical bad attitude Susan from Porto!
We have been wearing mask and disinfecting our hands for the last three months to make this a safe destination for people like you. We'll done for not protecting others!

By Matthew from Algarve on 21-07-2020 05:39

You can forego the beauty supplies...that's always been a waste of money. But what are you gonna do when you wear out your socks and underwear?

By William from Other on 20-07-2020 10:22

What do they expect?I wont be spending my money in stores when I'm obliged to wash my hands before entering and to use a face mask. Hardly the ideal shopping experience.

By susan from Porto on 19-07-2020 06:19
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