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Learn moreFeb 2021
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When lockdown began in Argentina on March 20, all grocery outlets in Argentina remained open because they were considered an essential service, and there was no restriction on the number of times per week or per day that people could leave their homes to do their shopping. However, Argentinians naturally preferred to shop close to their homes rather than travel to large stores further away.
Lockdown was introduced across Argentina on 20 March 2020. During this time, consumers were required to stay at home, with only armed and security forces, firemen, health workers and those working in the food industry, pharmacies, government, journalism, retail, telecommunications, public services, delivery services and energy services, permitted to leave home.
Aside from the COVID-19 crisis, the economic landscape in Argentina is complicated by the fact that there are certain restrictions on the entry of imported products. This situation impacted the performance of some categories within retailing in Argentina, and some product types, such as electronic goods, were in short supply in the country.
In 2020, inflation remained under the control of the Argentine government, which had already exercised strong control over the prices of all products. Costs for producers increased substantially as a result of new protocols that were implemented during the pandemic, which significantly reduced profit margins as manufacturers were forced to absorb losses.
After so many years in recession, the dramatic drop in consumption as a result of widespread closures during COVID-19 will contribute to a very slow recovery over the forecast period. With half the Argentine population submerged in poverty and large numbers of businesses now permanently closed, state aid will not be enough to alleviate the catastrophic economic situation, and a sharp fall in GDP is expected.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Retailing industry in Argentina with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Retailing industry in Argentina, our research will save you time and money while empowering you to make informed, profitable decisions.
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This industry report originates from Passport, our Retailing market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.