Over 50 Italian non-food retailers including Rinascente, Coin, OVS, Dondup, Pinko, Liu Jo, C&A and Alcott, wrote an open letter to Giuseppe Conte, Italy’s President of the Council of Ministers, along with the Minister of Economy, and the Minister of Economic Development, asking for special measures meant to face the Coronavirus emergency following the lockdown and meant to help an economic restart. Out of the ten proposals they drafted six are related to the emergency phase and four tied to the recovery phase.
For the recovery phase they expect a cut of 50% in taxes until 2021 and higher fiscal discounts on investment and marketing costs, among other measures.
The Italian non-food retail sector alone represents €110 billion in turnover, one million workers and almost €5 billion in contributions paid every year, over €20 billion paid VAT and least €15 billion for rents.
In addition to managing stores, this sector is involved in designing and manufacturing clothes, sports and leisure items, footwear and furniture. It also develops and sells personal care products, leather goods, books and electronics through its networks.