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Falling in oil prices is reflected in Ecuadorian trade
Posted On 03 Aug 2015
Image: Expreso
The reduction in liquidity, particularly by the fall in oil prices, is felt in the commercial sector of Guayaquil “la bahía.” Sales have fallen by 50% compared with the previous year, traders estimate.
Luis Maldonado, president of the Retailers Association Pasaje Calderon, said that last year at noon he would have already sold items for $ 200 and Friday at that time he would have sold everything.
The situation is no different for large stores operating along the Coronel street. Veronica Macias, manager of the Milatex store, said that sales have dropped so much that in order to not fire personnel they are not open on Saturdays. “Overtime payments mean a considerable sum of money, we do not have now,” she said.
Although there are other traders who indicate the opposite, like Emilio Ramirez, who says that his travel suitcases business goes well.”
The president of the Chamber of Commerce of Guayaquil, Pablo Arosemena, coincides with this reality “Not everyone is going badly, but the truth is that the cash register sounds less,” he said on another occasion.
Sources: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8198264&idcat=38269&tipo=2
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