Retailers still optimistic despite Omicron threat

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By Business World

LOCAL RETAILERS remain optimistic for the industry’s recovery this year despite new variants of the coronavirus disease 2019 (COVID-19) posing a threat to the economy.

Roberto S. Claudio, Philippine Retailers Association (PRA) vice-chairman, said the group expects sales projections to remain positive as long as the strictest form of lockdown is not implemented to curb the COVID-19 infections.

“So long as there will no longer be major lockdowns that will be imposed by the government and the fact that people are seeing less consequences on the Omicron variant, fed up with the quarantine and are now going out to shop, eat and travel, our projections will remain positive in 2022 starting in the second quarter,” Mr. Claudio said in an e-mail interview last week.

Metro Manila is under Alert Level 3 until Jan. 31 due to a spike in COVID-19 cases, believed to be caused by the more infectious Omicron variant.

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