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Crisis is closing '134 retail outlets' a day in Italy

Confesercenti describes situation as a 'massacre'

19 June, 13:42
Crisis is closing '134 retail outlets' a day in Italy (ANSA) - Rome, June 19 - Each day 134 shops, restaurants and bars close in recession-hit Italy, retail association Confesercenti said on Wednesday. Confesercenti, which represents small and medium-sized businesses in the retail and tourism sectors, said 224,000 enterprises had closed their shutters since the start of the global economic crisis in 2008.

"It's a massacre," said Confesercenti President Marco Venturi.

"Every day five green grocers, four butchers, 42 clothes shops, 43 restaurants and 40 bars and catering business close down".

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