O closure of major retailers domestic has become increasingly frequent, with more than 110 points of sale closed since January and another 100 announcing the closure of their operations in the coming months.
This alarming scenario is directly related to the high indebtedness of companies, which has been accompanied by a significant increase in bankruptcy and judicial recovery requests.
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The process of corporate indebtedness has contributed to the decline of the retail sector, resulting in the closure of a significant number of stores, although this is not the main reason. This trend has led many companies to resort to judicial recovery as an attempt at financial restructuring.
Companies have faced difficulty and the scenario has been getting worse
Despite the bad tension in the air, the difficulties faced by the sector go beyond indebtedness, involving also fierce competition, changes in consumers' consumption habits and the advance of commerce electronic.
Data from Serasa Experian reveal that the first quarter of this year saw a significant increase in bankruptcy filings, with growth of 44%. In addition, cases of judicial recovery also showed a significant increase of 37.6%.
The unfavorable economic situation, combined with the accumulation of debts and the drop in sales, has put many companies in a fragile situation, seeking alternatives to revert their financial situation and avoid bankruptcy.
A notable example is the closure of stores by Renner, which ended operations in 20 establishments. In the same segment, Loja Marisa announced the closure of 51 points of sale, with another 40 expected to close in the coming months.
Marisa claims to be revamping the business, but already reaches a debt of more than R$ 882 thousand.
The Renner group closed a total of 20 stores, four belonging to the Renner brand, 13 to Camicado and three to YouCom. It is important to highlight that, despite these closures, the group grew compared to the same period of the previous year, when it had 623 establishments.
This expansion indicates that, although some stores have been closed, the Renner group is still in a favorable position in terms of growth and market presence.
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