Brazil’s high operating costs
By Fausta's Blog on March 18, 2014
In the WSJ, an article on Forever 21‘s new stores, In Brazil, the Long Wait for Fast Fashion, highlights some of the issues business has to deal with (emphasis added): Keeping prices low has been a challenge for most retailers because operating costs in Brazil are high. Apparel vendors in Brazil pay an estimated 35% in taxes on their products, compared with about 8% in the U.S., according to Alexis Frick, a São Paulo-based analyst for market researcher Euromonitor International. Retailers that ship their products in from abroad pay as much as a 35% in addition to those taxes in import taxes. . . .
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