As a result, the company increased production of personal hygiene products such as soap, hand sanitiser, and moisturisers as demand for them grew. With many brick and mortar stores being now closed, ecommerce sales doubled in Brazil since the first quarantine measures, Nasdaq cited the company’s CEO, and as a result the company is focusing on this segment.
Furthermore, the company has promised to keep jobs of its 40,000 workers for at least two months and has eased terms for independent consultants responsible for the bulk of its sales, creating credit lines to help them.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.