According to Camera Buyer Italia, Coronavirus with all its implications could lead to a 26-40% drop in sales in the year. As told by Francesco Tombolini, president of the trade association created with the aim of grouping and protecting the best Italian luxury multibrand stores, all the predictive models in our possession oscillate between a drop of 26% and 40% less sales. This depends on areas, size and categories, obviously estimating a closure of the restrictions on April 15th. Tombolini explains: “We will try to sell online, as long as the system goes. We are respecting all safety rules, and we want to keep a small light on. Due to this great national emergency, the association has developed proposals for institutions in the sector, which concern “the tax exemption of S / S 2020 and A / W 2020 inventories, for the tax exemption of digital sales and digital investments , to safeguard research costs and to support and generate an ad hoc fund for the management of inventories “.
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