Retail sales plunge in Argentina even for Mother's Day gifts
Bogdan Hofbauer
x Waning retail sales in Argentina, even in the wake of Sunday's Mother's Day celebrations, reflected the country's ongoing crisis just one week before the Oct. 26 midterms, according to a survey conducted by the Argentine Confederation of Medium-Sized Enterprises (CAME). Retail sales fell by 3.5% year-on-year (at constant prices). This marks the fourth consecutive annual decline for the holiday, primarily attributed to the loss of household purchasing power. The average gift ticket showed
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