Traditional supermarket chain Caromar collapses and announces over 100 layoffs after a 42% drop in revenue and debt exceeding $1 billion.

Written by Felipe Alves da Silva

Published on 15/04/2026 at 21:40

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Severe financial crisis leads company to reduce operations, close units, and face domino effect impacting employees, suppliers, and the retail sector

The information was disclosed by the portal “ND Mais”, based on data from the company itself and sector reports, revealing a worrying scenario that goes far beyond a simple operational adjustment. The traditional supermarket chain Caromar, known for its operations in the cleaning and perfumery segment in Argentina, collapsed after facing one of the biggest financial crises in its recent history.

Firstly, it is important to highlight that the company recorded a significant drop of approximately 42% in revenue, a factor that triggered a series of internal and external problems. Furthermore, the retraction in consumption further aggravated the situation, drastically reducing cash flow and compromising the business’s sustainability.

Sales drop, aggressive competition, and domino effect accelerated Caromar’s collapse

Given this scenario, Caromar was forced to make drastic decisions. As a direct consequence of the crisis, the chain announced the closure of several stores and the layoff of over 100 employees. For comparison, the company had about 500 workers at the peak of its operations. However, currently, just over 200 employees remain active.

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Billion-dollar debt and judicial recovery: what to expect from the company’s future

With the worsening crisis, Caromar’s financial situation reached critical levels. The company accumulated over US$1 billion in bounced checks — a value equivalent to approximately R$5 billion at the current exchange rate. As a result, suppliers began to demand advance payment, further increasing pressure on the company’s cash flow.

Consequently, there came a point when the company could no longer meet basic commitments, including salary payments. Faced with this, Caromar filed for judicial recovery in an attempt to avoid total bankruptcy.

Currently, the chain maintains reduced operations in cities such as Laferrere, Moreno, José C. Paz, Rosario, and Neuquén. However, the future is still uncertain. The judicial process foresees credit verification until the end of May, while negotiations with creditors are expected to extend until 2027.

On the other hand, industry specialists warn that Caromar’s case is not isolated. In fact, various retail segments have been facing similar difficulties, driven by a drop in consumption, increased competition, and increasingly tighter margins.

Thus, the collapse of the chain serves as a warning to the entire market, demonstrating how economic, operational, and strategic factors can quickly transform consolidated companies into critical cases.

Traditional supermarket chain Caromar collapses and announces over 100 layoffs after a 42% drop in revenue and debt exceeding $1 billion.

Severe financial crisis leads company to reduce operations, close units, and face domino effect impacting employees, suppliers, and the retail sector

Sales drop, aggressive competition, and domino effect accelerated Caromar’s collapse

Billion-dollar debt and judicial recovery: what to expect from the company’s future

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Traditional supermarket chain Caromar collapses and announces over 100 layoffs after a 42% drop in revenue and debt exceeding $1 billion.

Severe financial crisis leads company to reduce operations, close units, and face domino effect impacting employees, suppliers, and the retail sector

Sales drop, aggressive competition, and domino effect accelerated Caromar’s collapse

Billion-dollar debt and judicial recovery: what to expect from the company’s future

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

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