How The Economic And Financial Crisis Shook The Owner Of Casas Bahia

Written by Bruno Teles

Published on 28/08/2023 at 15:31

Updated on 28/08/2023 at 15:32

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You Must Have Noticed That Some Casas Bahia Stores Are Closing Their Doors. The Latest Balance Sheet from Via, the Company Behind This and Other Big Brands Like Extra.com and Ponto, Sounded the Alarm in the Market.

Let’s Dive Deep into the Crisis of This Giant in the Brazilian Retail Sector and Understand What Is Happening.

Interest and Inflation

The Economic Environment in Brazil Is Far from Favorable for the Retail Sector. With Interest Rates That Reached 13.75% This Year and Rampant Inflation, the Scenario Is Concerning.

Claudio Felisoni, President of Ibevar and Professor at FIA Business School, Comments That These Factors Directly Affect Credit and the Purchasing Power of Families.

ARTICLE CONTINUES BELOW

Indebtedness

Via Is No Exception to the Rule. The Company’s Indebtedness Started During the Pandemic, with Loans at an Interest Rate of 2% per Year.

However, From January 2021 to August 2022, These Rates Drastically Escalated, Reaching the Current Level of 15.85% per Year. Yes, You Read That Right: This Represents an Expense of BRL 871 Million Just to Maintain the Debt.

Recovery Plan

To Avoid the Worst, Via Announced an Audacious Recovery Plan. This Plan Includes Cutting 11% of the Workforce, Closing Up to 100 Stores, and Reducing Stocks by Up to BRL 1 Billion.

Lidiane Bastos, a Retail Management Specialist, Believes That These Measures Could, in the Long Run, Save the Company from Bankruptcy.

Diversification and Technology

Even in the Midst of the Crisis, Via Is Betting on Innovation. About 60% of Casas Bahia’s Physical Stores Already Have App 2.0, a Platform Aimed at Improving the Customer Experience in Stores. Additionally, a Voice Search Has Been Implemented, Assisting in Over 200,000 Online Queries.

Get to Know Casas Bahia

Founded in 1957 by Samuel Klein, a Polish Immigrant, Casas Bahia Has Always Had Credit Sales in Its DNA. From Door-to-Door Salesman to Owner of One of the Largest Retail Chains in the Country, Klein Brought Innovation to the Market and Focused on Classes C and D.

How The Economic And Financial Crisis Shook The Owner Of Casas Bahia

You Must Have Noticed That Some Casas Bahia Stores Are Closing Their Doors. The Latest Balance Sheet from Via, the Company Behind This and Other Big Brands Like Extra.com and Ponto, Sounded the Alarm in the Market.

Interest and Inflation

Indebtedness

Recovery Plan

Diversification and Technology

Get to Know Casas Bahia

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How The Economic And Financial Crisis Shook The Owner Of Casas Bahia

You Must Have Noticed That Some Casas Bahia Stores Are Closing Their Doors. The Latest Balance Sheet from Via, the Company Behind This and Other Big Brands Like Extra.com and Ponto, Sounded the Alarm in the Market.

Interest and Inflation

Indebtedness

Recovery Plan

Diversification and Technology

Get to Know Casas Bahia

Scientists enter a narrow, flooded cave 500 meters deep and find giant dinosaur footprints on the ceiling measuring up to 1.25 meters, preserved in such a rare way that a new type of trace had to be created.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

A giant half-ton ring fell in Kenya from space, and more than a year later, scientists still do not know where it came from.

After two years of internal discussions, Paraguay has finally regulated the law that opens the country to foreign technology and service companies with tax incentives that promise to create thousands of jobs and change the economy.

Map reveals how the Earth may look in 250 million years: continents will reunite in the Last Pangaea, 92% of the planet could become uninhabitable for mammals, and Spain appears among the rare possible exceptions.

About 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland, with houses forming a continuous row and narrow agricultural strips emerging behind them, creating one of the most unusual rural patterns in Europe.

With 1,000 buses sent abroad, the Brazilian manufacturer consolidates the strength of national technology and takes on a leading role in public transportation across all of Latin America.

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Archaeologists found in the desert an oasis 5,000 years old surrounded by giant walls, in a discovery that reveals a civilization much more complex, powerful, and organized than previously thought.

Engineered Madeira transforms light into heat and generates electricity even in the dark by redesigning the balsa internally with protected phosphorene and stearic acid, storing 175 kJ/kg, achieving 91% solar conversion and up to 0.65 V still.