Shock In Retail: One Of The Most Traditional Groups In The South Is Closing 30 Stores At Once

Written by Fabio Lucas Carvalho

Published on 25/11/2025 at 20:35

Updated on 25/11/2025 at 20:36

Fechamento de 30 lojas por um dos grupos mais tradicionais do Sul expõe a retração do varejo do sul do Brasil

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The Simultaneous Closure of 30 Stores by One of the Most Traditional Groups in the South Highlights a Critical Phase in Regional Retail, Marked by Contraction, Internal Adjustments, and Quick Decisions to Face a Still Pressured Economic Scenario

The taQi network, which operates in construction materials, appliances, and furniture, is facing a new phase of contraction. According to data provided by the Federation of Employees in the Commerce of Goods and Services of RS, 29 stores appear on the list of expected closures in the coming weeks.

The Herval Group, responsible for the operation, chooses not to disclose which locations will be affected, although it currently maintains 51 units in operation in the state.

Continuity of the Process Started in 2023

The move continues the downsizing that began in 2023 when 17 stores were closed, especially in the Metropolitan Region.

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At that time, the network reduced its structure from 90 to 73 units. Changes have not ceased since then because successive adjustments have led to the current scenario, marked by a leaner presence in the market. Recent examples include the closure of the Esteio store in April, an event that also resulted in layoffs.

Reasons Cited by the Herval Group

According to the Herval Group, the cuts are linked to difficulties accumulated since the pandemic period. The company mentions a decline in sales, high delinquency rates, and prolonged impacts of high interest rates on consumers and companies.

It also states that taQi is undergoing a sales model adjustment process, defined as essential to face the moment.

Other Group Brands Remain Active

In addition to taQi, the Herval Group manages the Iplace network, an Apple licensee in Brazil, and the furniture brand Uultis, which maintains operations in cities like New York and Miami.

In a recent statement, the company highlighted that in-person service and e-commerce continue to operate, even in locations where the Liquida Mostruário is taking place.

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Shock In Retail: One Of The Most Traditional Groups In The South Is Closing 30 Stores At Once

The Simultaneous Closure of 30 Stores by One of the Most Traditional Groups in the South Highlights a Critical Phase in Regional Retail, Marked by Contraction, Internal Adjustments, and Quick Decisions to Face a Still Pressured Economic Scenario

Continuity of the Process Started in 2023

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Reasons Cited by the Herval Group

Other Group Brands Remain Active

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Shock In Retail: One Of The Most Traditional Groups In The South Is Closing 30 Stores At Once

The Simultaneous Closure of 30 Stores by One of the Most Traditional Groups in the South Highlights a Critical Phase in Regional Retail, Marked by Contraction, Internal Adjustments, and Quick Decisions to Face a Still Pressured Economic Scenario

Continuity of the Process Started in 2023

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Reasons Cited by the Herval Group

Other Group Brands Remain Active

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Bokashi, a Japanese technique of controlled fermentation, becomes the organic fertilizer that revitalizes the soil: it activates microorganisms and earthworms, improves pH and moisture retention, gradually releases nutrients, and helps prevent pests in the garden.

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