Another company filed a request for judicial recovery. This is the traditional network of drugstores Santa Marta, which is almost 50 years old. Since the highest peak of the Covid-19 pandemic, the company had been registering negative results. As a result, the group announced the closure of 18 units in Goiânia and the Federal District.
As a result, 350 workers were laid off. Despite this, the company claims that the other jobs must be maintained and that another 45 establishments continue to operate.
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Santa Marta drugstore chain comes to an end
The Santa Marta network alleges a deficit in working capital and constant cuts in the granting of credit by suppliers. The cuts would be linked to requests for judicial recovery and the closure of other pharmacy chains across the country.
The pandemic meant that many stores were out of stock and that the company's revenues were heavily impacted. According to company information, there was a reduction of about 30% in revenue. She also declares that, within 90 days, the situation should improve with the completion of the restructuring initiated by the group.
Santa Marta is one of the largest chains of independent pharmacies in Brazil and is focused on offering products and quality services to its users, including medicines, personal hygiene products, perfumery and health. In addition, the chain offers home delivery services, loyalty programs, pharmaceutical services and other initiatives to promote the health and well-being of its customers.
Santa Marta is also committed to social responsibility and sustainability, so it continues to support projects and initiatives in the communities where operates and adopting practices in its operations, such as “Terra Livre – Art, Education and Solidarity”, “Vila São Cottolengo” and “Espaço Vida – Social Assistance Inclusive”.
The company was founded a few decades ago and today has hundreds of stores across the country.
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