The Olympic Games Failed To "End" The Bad Luck Of Brazil'S Retail Industry.

Brazil's former president, Dilma Rousseff, led to a 1.5% decline in the Brazil stock exchange.

Brazil's economic downturn has predicted that GDP will drop more than 3% this year, bringing retailers to a low level. Some analysts predict that this year's sales will probably fall by 20%.

Generally speaking, during the Olympic Games, consumers are more at the side of the TV set than they go.

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But what is hopeful is that the clothing chain corporation Lojas Renner has increased sales by 5%, and 2016 in depth reflects the strength of Zara and other fast fashion.

It is very good to sell products in the right time zone and try to approach their fast fashion mode to get higher profits.

Guilherme Assis, an analyst at Brasil Plural, said the 20% forecast was too high, but the same store revenue could drop by 5% this year.

Assis pointed out that the accusation of Dilma Rousseff will be

A milestone, but this will not change the retailer's forecast.

This covers clothing retailers Marisa, Guararapes and suppliers Cia Hering.

Retailers and consumers expect Rousseff to step down, so most stocks remain relatively unchanged.

The reform of Michel Temer is expected to narrow the deficit, inflation and unemployment of 12 million of workers.

Meanwhile, the 2016 Olympic Games held in Rio De Janeiro in Brazil also have little impact on the largest clothing sales in Latin America.