Puerto Rico’s retail sales were down 1.6 percent year-over-year in September — the most recent statistic available for the sector — when some $2.84 billion in activity was reported.
The Puerto Rico Marketing, Industry and Food Distribution Chamber (MIDA for its Spanish acronym), filed a lawsuit Thursday against the government, asking the San Juan Superior Court to declare the so-called “national tax” unconstitutional and order the Treasury Department to immediately publish exemption regulations.
The International Council of Shopping Centers is gearing up to host its 4th annual regional convention in Puerto Rico in February 2014, with an agenda of presentations that seek, among other objectives, to lay out opportunities for local retailers to export their goods and services, event organizers told this media outlet in an interview Monday.
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