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Wednesday, 24 February 2021

Italy has lost more than 77K stores in 9 years


Retail group Confcommercio said that since 2012, Italy has lost more than 77,000 stores and the city centers have become a "desert." 


Confcommercio said it was down 14%. It pointed out that nearly 14,000 street and tourism businesses were also lost, a decrease of 14.8%. 


According to the report, the overall retail business fell by 17.1%, while the accommodation and hotel industry fell by 24.9%. 


The association said that due to the COVID emergency, it expects the tourism industry to "collapse" further this year.

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