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Argentina's Wholesale Sector Prepares for 'Black Week' with Discounts and Tax Reform Push

CADAM announces May 19–25 event offering up to 40% discounts while calling for urgent regulation of hidden costs inflating prices.

Overview

  • The 'Black Week Nacional Mayorista' will run from May 19 to 25, featuring discounts of up to 40% on food, beverages, hygiene products, and cleaning supplies across 200 wholesale supermarkets.
  • Organized by CADAM, the event aims to stimulate consumption and strengthen ties between industries and 140,000 neighborhood stores nationwide.
  • CADAM leaders have highlighted 'hidden costs,' including mandatory contributions and taxes like Ingresos Brutos, as key factors distorting consumer prices.
  • In a meeting with Consumer Defense subsecretary Fernando Blanco Muiño, CADAM called for urgent legislative action to address these structural price distortions.
  • Government officials noted that recent economic reforms, such as currency unification and reduced inflation, provide an opportunity to tackle systemic trade issues.