Commercial Sector Crisis Gets Worse

Since 2017, commercial activity in Costa Rica has been slowing down, but with the closures of businesses due to the covid-19 outbreak, between March and July of this year, sales have fallen considerably.

Tuesday, July 28, 2020

In this context of restrictions on movement and social distancing measures, which began in March of this year, approximately 30% of shops were reported to have closed and it is estimated that just in July, sales in the commercial sector fell by 68% compared to the same month in 2019.

After that between March and July sales of stores reported falls in the range of between 20% and 80%, executives of the Chamber of Commerce requested a planned and gradual opening of the economy, which focuses on the specific needs of each type of business.

You may be interested in "E-Commerce: What do Consumers Want to Buy?"

Restaurants are among the hardest hit businesses in this context of restrictions. Clemencia Palomo, director of the Costa Rican Chamber of Restaurants (Cacore), told that her situation "... is not solved by home service. It is not enough."

The sector is asking for the opening hours to be extended seven days a week until 10 p.m., so that it makes sense for restaurants to invest in resources.

See "Commercial Metamorphosis: Where are the Consumers?"

Palomo added that "... 'The pubs can't handle it anymore, they've been closed for four months and the municipalities are still charging. We need responsible opening. Give us the opportunity, we need to prove it."

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