Commercial Sector Begins to Suffer from the Crisis

Because of the health crisis generated by the spread of covid-19, shopping centers, restaurants, clothing and footwear stores, among other businesses, began to report a decline in commercial activity in Nicaragua.

Friday, March 27, 2020

Not all businesses in the commercial sector have been affected by the advance of the pandemic, as in recent days’ supermarkets and pharmacies have been crowded by consumers.

Camen Hilleprandt, president of the Nicaraguan Chamber of Commerce and Services (CCSN) told that "... Some businesses are closed, others are making home deliveries, as is the case with restaurants, but others cannot close because they have to serve the population, such is the case with supermarkets, but in the case of businesses that have decided to close temporarily, they do so because it is more expensive to have a person serving even if no one arrives."

The article adds that "... The shopping malls are empty. In the Eastern market, one of the biggest motors of the underground economy, the clothing and footwear areas are in ruins."

Reports from CentralAmericaData predict that the impact of the covid-19 crisis on the wholesale sector in Central America will be explained, to a greater extent, by the expected drop in the trade of disposable items.

Covid-19: How are the outlook changing for companies in the commercial sector in Nicaragua?

We prepared for our clients the report "Information System: Impact Analysis of Covid-19 on Business" that answers these and other questions in times of uncertainty.

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