Impact of coronavirus on the trade sector of Catalonia

We are studying the impact of coronavirus in urban commerce in Catalonia.

1212

Empreses participants

+ 240 h

Hours spent on the project

Since the beginning of the pandemic, we have analyzed, for nine weeks, the evolution of sales and the different effects that the health crisis has had on the fabric of commercial companies.

We have quantified the variations in revenue, the strategies followed by the trade sector to ensure the continuity of its business, the opening of new distribution channels, among others.

This study has been independent, self-funded, and nonprofit; only with eagerness for inquiry and research.

4 - 10 May
Eighth

1) Phase 1 revives sales by 16%
2) Significant improvement in billing in all segments, except restorarion
3) Mood improves as a result of returning to activity

4) The restaurants; a problem to be dealt with specifically

5) Phase 0 has brought difficulties and positive aspects

6) Phase 1 will involve opening most of the trade

20 - 26 April
Seventh wave

1) Definitive closings will be lower than expected in April and May
2) The doubt about the periods of de-escalation generate uncertainty
3) Advertising: a veri lively resource during the crisis

6-12 April
Fifth wave

1) The mood of the commercial sector remains in a downward line
2) Efforts to palliate sales declines are increasing
3) Two strategies: new distribution channels and diversification of products and services

30 March - 5 April
Fourth wave

1) A part of the urban commerce will close definetely
2) For now, only external financing can guarantee liquidity
3) Aid from public administrations is insufficient
4) Mood is still of great concern

23-29 March
Third wave

1) Catalonia's commerce shows concern
2) Companies renegotiate different operating expenses
3) A part of the tissue is active to minimize the impact of the crisis
4) Urban commerce expects action from associations

16-22 March
Second wave

Second conclusions

1) Sales stop of all sectors
2) Some grocery stores match or exceed last year's sales
3) The urban commerce will have difficulties to cover the expenses of structure and operation
4) Difficulties in sustaining the costs of local holding costs
5) Basic supplies and freelance fee: expenses that can be faced with more guarantees
6) The public administration must execute a plan of economic measures

12-15 March
First wave

1) Overall decrease in sales of 70%
2) The food sector receives the least impact
3) Leisure and culture behave different than the rest of the subsectors
4) A big drop in urban commerce is expected

Copyright © 2020 J3B3 Economics. All rights reserved.