Emmanuel Fernández, owner of the Kioshi shoe brand, warned about the severe crisis facing Argentina's footwear sector.
In statements to the streaming show Ahora Play, Fernández noted that the company went from 120 employees to just 15. “It is terrible. The lack of consumption is total,” he said.
The businessman explained that per capita sales dropped from nearly four pairs to two, reaching levels similar to those in Peru and Bolivia. He added that commercial premises are closing at a rate of one per day.
Fernández mentioned that manufacturers in areas such as Lanús and Lomas de Zamora are shutting down workshops and renting the spaces for other uses. He indicated that the situation worsens month by month and that many merchants are choosing to pursue other activities.