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Almost 40% of the shops are still not fully operational

2020-11-11T10:32:38.191Z


The CAC conducted a new survey of companies across the country. A similar number estimates that it will reduce its staff.


Natalia Muscatelli

11/11/2020 6:01 AM

  • Clarín.com

  • Economy

Updated 11/11/2020 6:01 AM

After seven months of quarantine, 53.6% of the shops are fully operational.

Meanwhile,

39.2% are working partially and 7.2% remain unemployed,

according to a survey conducted by the Argentine Chamber of Commerce (CAC) between November 2 and 8.

Regarding the expectations that merchants have about the sales they will have during this month of November compared to October, 34% believe that there will be no variations, while almost 20% believed that they expect a drop of up to 25% in volumes sold.

Only 12.4% of merchants have the vision that their sales will increase

up to 25%.

Among the data collected,

almost 30% of the businesses indicated that, after seven months of the pandemic, their sales fell between 26% and 50%.

Meanwhile, another 22.7% said they had fallen as much as 25%.

Regarding the growth of online sales, which was the most vigorous channel during the isolation, the survey found that before the pandemic, 21.6% of businesses had up to 25% of their sales on the web.

That percentage went to

30.9%

, today.

November CAC survey

Other inquiries in the CAC survey referred to the delay of merchants in terms of the payment of wages and taxes.

In this sense,

74.2% stated that they were up to date with their staff.

And only 14.4% showed a delay of up to 25% of wages.


Companies of various sizes participated in the Chamber's survey;

up to 9 employees (50.5%);

between 10 and 49 employees (28.9%);

between 50 and 200 employees (15.5%);

and companies with more than 200 employees (5.1%).

The items surveyed were 

retail trade, wholesale trade and gastronomy, among others.

54.6% of the surveyed companies stated that they carry out essential activities.

"In case your company rents a place for its operations, indicate what your current situation is", was another of the questions of the survey when inquiring about the debts of the merchants.

In this regard, 45.4% said that they do not rent, 30.9% that they pay under normal conditions and

19.6% of the sample indicated that they pay their rent partially,

that is, not as agreed with the owner .

Among other issues, merchants indicated that, on average, 28.8% of their employees are teleworking.

This percentage was higher among “non-essential” activities (41.8%).


Another question was what do you think is the most likely scenario for your company's workforce for

the next three months.

 For the majority (51.5%) there will be no changes in their staff.

For 42.3%, the answer was a "reduction in the number of personnel"

and only 6.2% said that the number of employees could increase.

Finally, investment expectations showed quite pessimism in the sector:

only 22.7% of companies have investment expectations for the next few months,

the CAC survey said.

NE

Look also

Despite Mother's Day, card consumption hit the brakes in October

Retail sales fell almost 15% in October, 5% more than September

Source: clarin

All business articles on 2020-11-11

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