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.

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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

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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

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While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

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The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

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