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LatinNews Daily - 29 October 2019
In brief: Chile retail suffers over US$1.4bn in losses
* The Santiago chamber of commerce (CCS) estimates that the economic losses suffered by Chile’s retail sector as a result of the ongoing protests against inequality have amounted to over US$1.4bn. The damages caused by looting and destruction of property are estimated to be around US$900m while a loss of about US$500m is due to the lack of sales during the protests. Some 25,000 stores have been affected by the protests, with 10,000 of those being small and medium-sized enterprises. In that sense about 400,000 of the estimated 1.3m workers that make up the retail sector have been, in some way, affected by the protests.
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- In brief: Chile retail suffers over US$1.4bn in losses