Shopping Malls: Massive Closing of Stores

It is estimated that in Costa Rica at least 40% of the premises located in shopping malls have been forced to close permanently due to the restrictions imposed by the covid-19 outbreak.

Wednesday, July 29, 2020

The phenomenon is not new, since in mid-2019 it was reported that in the last year the unemployment of commercial premises in Costa Rica was on the rise, a behavior that was partly explained by the economic situation of the country and by changes in consumer preferences.

However, because of the spread of covid-19, the authorities decided to impose severe restrictions on commercial activity, which has caused considerable damage to the finances of several businesses and has deepened the crisis in the sector.

You may be interested in "Shopping Centers: New Normal, New Strategies"

Julieta Bonilla, a representative of the Ceco Group, told Crhoy.com that "... after 5 months the stores located in shopping malls have already started to close massively, what we ask is that they let us work responsibly and move forward hand in hand ... we all have protocols in place, there's a lot of security."

Alonso Elizondo, director of the Chamber of Commerce, explained that "... the general estimate for the entire sector is that around 35,000 jobs have been lost throughout the country due to the restriction measures, from March to date."

¿Busca soluciones de inteligencia comercial para su empresa?

Do you need to understand the new environment of the commercial sector? Contact Us









this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Commercial Restrictions: Losses Increase

April 2021

As a result of the restrictions imposed by the Guatemalan Government, local businessmen estimate that sales in the commercial sector last weekend fell by up to 50% and the number of customers in restaurants and shopping centers decreased considerably.

In order to promote actions aimed at interrupting the epidemiological chain of the Covid-19 disease, Ministerial Agreement 87-2021 was published on April 17 in the Diario de Centroamerica, a regulatory framework that requires a 25% reduction in the capacity of shopping malls, commercial centers, convenience stores and restaurants.

Shopping Centers: Unemployment Rate Concerns

September 2020

As a result of the crisis, in Costa Rica in June of this year the rate of availability of premises in shopping centers climbed to 11.8%, a proportion of concern because a healthy level should not exceed 10%.

The phenomenon, which is not new in the country, has worsened in the context of the covid-19 outbreak, since in mid 2019 it was reported that in the last year the unemployment of commercial premises in Costa Rica was on the rise, a behavior that was explained in part by the country's economic situation and by changes in consumer preferences.

Shopping Centers Close in El Salvador

March 2020

In an effort to contain the advance of covid-19, starting March 19 and for a period of 14 days, the country's shopping malls will be closed.

The Presidency informed that all the shopping centers in the country will remain closed, however, supermarkets, bank agencies, and pharmacies inside them may remain open, as ordered by President Nayib Bukele.

Panama: Asphalt Plant Closed Down

November 2012

Because of a lack of environmental impact studies and plans for adaptability and environmental suitability, authorities have ordered the closure of the asphalt processing plant property of Maribel SA.

Elsiglo.com reports that "Complaints made by families living in the surrounding neighborhoods led to the closure order for the asphalt processing plant that operates within the premises of the industrial complex located on the banks of the river Caimito, in Limon de La Chorrera, said Armando Peralta, regional director of the National Environmental Authority (ANAM) in Western Panama. "

ok