CFE causes the closure of 10% of mini-supermarkets in Los Cabos

Share on facebook
Share on whatsapp
Share on twitter
Share on linkedin
Share on email

Those who managed to survive last year have not been able to survive this year because they have not been able to pay their debts, said the grocers’ leader, Armando de la Cruz.

Armando de la Cruz Navarrete, vice-president of Commerce of Canaco Los Cabos and leader of the grocers, revealed that low sales and the high rates of the Federal Electricity Commission (CFE) have caused the closure of 10% of the mini-supermarkets.

He commented that even many of these businesses, most of which are located in poor neighborhoods, managed to survive last year, but this year the situation has been very difficult, as many of them are working under financing and have not been able to pay their debts, much less the rent of the premises.

De la Cruz Navarrete explained that out of every one hundred mini-supermarkets, ten of them have already closed, but he did not disclose the total number of these commercial establishments that are no longer operating, affected by the shortage of sales.

He cited the example that there are grocers who used to pay 30 thousand pesos for electricity every two months, but now they must pay between 36 thousand and 38 thousand pesos during that period, as the CFE rates continue to rise.

With information from CaboMil

Share on facebook
Share on whatsapp
Share on twitter
Share on linkedin
Share on email