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Holidays Cost Brazil Businesses Billions in Revenues

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – While holidays during the workweek are applauded by many who look forward to a short workweek and a chance to travel or just relax at home, for Brazil’s economy the eleven national holidays in this year’s calendar will likely cause significant financial losses for the country’s retailers and industry.

According to Fecomercio-RJ (Rio de Janeiro’s commerce and services association) the holidays this year are likely cause over R$90 billion (US$30 billion) in revenue losses for the services and industry sectors throughout the country . . .

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