Following the announcement of the restrictions imposed in Guatemala to mitigate the outbreak of covid-19, which contemplate the closing of restaurants after 9:00 pm, businessmen anticipate that sales will fall and that they will have to reduce the number of personnel hired.
In order to mitigate the spread of covid-19, as of January 26, shopping centers and malls, supermarkets, convenience stores and neighborhood stores, will be allowed to carry out their activities until 7:00 pm.
The January 26 edition of the Diario de Centroamerica published the Ministerial Agreement 08-2021 of the Ministry of Public Health, which details the restrictions imposed, which aim to mitigate the escalation of the number of cases of covid-19.
Designing or adapting properties to be of mixed use, offering more entertainment options and mixing in an adequate way the type of tenants to whom the premises will be rented, are strategies that could give a new boost to shopping centers.
The pandemic drove consumers away from shopping centers, as government home quarantines in the region, the rise of e-commerce, and bans on people from visiting these facilities significantly affected mall operations.
Lincoln Plaza began operating a virtual platform in which customers can purchase products that are sold in the physical stores that already operate in the property.
EPK, Uno Sports, Claire's, Totto, Xiami, Miniso, TOYS, Liberia Internacional, Opticas Munkel, Aldo Nero, Ibiza and GNC, are some of the stores that will offer their products through the new digital platform.
The change in consumer habits resulting from the boom in e-commerce and the preference for avoiding visits to physical stores, has forced some large commercial surfaces to be transformed into storage and logistics areas.
The covid-19 outbreak caused the emergence of a new commercial reality, in which consumers are less willing to go to physical stores to make certain purchases and prefer to store online.
In Guatemala, since October 1st, shopping malls have reactivated their operations, and businessmen in the sector estimate that sales will be 40% of the levels reported before covid-19.
Because the supply of office and commercial buildings has increased, and at the same time unemployment has also risen, in Costa Rica the directors of these properties foresee that next year the parties will have to renegotiate the contracts.
Data collected by Colliers International indicate that between June 2019 and the same month in 2020 the total inventory of commercial buildings increased by 1.5% from 1.16 million m2 to 1.18 million m2.
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%.
As of August 17, Panamanian shopping centers will reactivate their operations, but only through online sales and consumers will only be able to withdraw their products, a modality that does not generate enough income to cover the costs of the shops.
After more than four months of closure due to the covid-19 outbreak, shopping malls in Guatemala received the endorsement to start serving their customers and as of July 31 have reactivated their operations.
With the publication of Ministerial Agreement 187-2020, the Health Alert System for the covid-19 epidemic was made official, which includes four alerts: red or maximum, orange or high, yellow or moderate, and green (new normal).
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.
As of July 27, the different production activities can be carried out, as long as the restrictions of the Health Alert System for the covid-19 epidemic are met, which will have a municipal, departmental or regional scope.
After more than four months of restrictions on the mobility of people and some economic activities, President Alejandro Giammattei explained on the night of July 26 that the country will enter a phase of reopening the economy.
Encouraging online sales so that customers can pick up products without getting out of their vehicles is the commitment of some Panamanian shopping centers to comply with the safety protocols that will be required in this new commercial reality.
Due to the threat of the spread of covid-19, since mid-March, Panamanian authorities decided to close the shopping centers. Given the possibility that in the coming ones these businesses will be allowed to operate, the managers have begun to prepare themselves to adapt to the new reality.
Given the possibility that in the coming weeks business will reopen in Guatemala, 86% of consumers do not agree with the opening of shopping centers and 84% do not support the reactivation of restaurant table service.
The "Exploratory Study of the Behavior of Guatemalans towards the Coronavirus", revealed that at this time, when the number of covid-19 infections in the country exceeds 33 thousand and the number of deaths amounts to more than 1,400, consumers would not agree with the reopening of some businesses.
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