US EditionArgentina: Kiosks Closing Shows Economic Weakness
8 Articles
8 Articles
Argentina: Kiosks closing shows economic weakness
This is reflected in the most recent report from the Union of Kiosks of the Argentine Republic (UKRA), which warned that “sales are much lower. There’s no money. People are switching to second-rate brands and buying cheaper cigarettes.” In an interview with Radio Rivadavia, UKRA Vice President Ernesto Acuna described the situation as “a kiosk is like a postcard of a city, a town, but they are closing for several reasons. The main one is the rece…
The Union of Kiosqueros warned that in the last year they closed 16,000 premises. Kioscos are closed at a rate of 43 per day. They attribute it to recession and unfair competition. The economic crisis hits one of the symbols of Argentine neighborhoods in full: in the last year, they closed 16,000 kiosks throughout the country, an alarming figure that leaves the sector with fewer than 100,000 premises active for the first time in recent history. …
The economic crisis hits one of the symbols of the Argentine neighborhoods in full: in the last year, 16,000 kiosks were closed across the country, an alarming figure that leaves the sector with fewer than 100,000 active premises for the first time in recent history. The data was confirmed by the Union of Kiosqueros de la República Argentina (UKRA), which attributes the debacle to the recession, unfair competition and lack of regulation. Accordi…
The number of premises fell for the first time below 100,000, affected by lower sales, higher prices and competition from other formats
Ernesto Acuña, vice president of the Union of Kiosqueros de la República Argentina (UKRA), described the complicated situation experienced by the nearby trade. "For the first time we are less than 100,000 kiosks," he said.
In the last twelve months, more than 16,000 kiosks closed their doors throughout the country, and the total number of formal premises fell from 112,000 to 96,000, for the first time below that symbolic barrier.This reduction was confirmed by Ernesto Acuña, vice president of the Union of Kiosqueros de la República Argentina (UKRA), on the basis of records of the ARCA.The fall in consumption was one of the determining factors.The sales of the sect…
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
