Marisa announces that it will close 91 stores

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Between March and April, 25 stores considered ‘deficit’ have already been closed. This measure is part of the recovery plan for cash generation and profitability. Marisa’s store on Avenida Paulista, in São Paulo Disclosure Marisa announced that it will close 91 stores as part of a recovery plan for cash generation and profitability. According to the company’s management, the units are considered loss-making. Share on WhatsApp Share on Telegram In a message sent to shareholders, the company informed that, of the 91 stores, 25 had already been closed between March and April. Another 26 will be closed throughout May. Marisa also renegotiated debts with 90% of suppliers and 65% of property owners. Among the factors listed by the company for recovery measures are the adverse macroeconomic scenario, illegal imports without proper taxation and high interest rates. “We are closely monitoring the evolution of the federal government’s initiatives for the retail sector in Brazil, which aim to curb unfair competition and reestablish tax equality”, says the statement signed by João Pinheiro Nogueira Batista, CEO of Marisa. The company estimates that it had positive numbers in the 1st quarter of 2023 in the retail operation, with a 1.3% growth in net revenue, compared to the same period last year, reaching R$ 440.5 million. The company said it performed better in sales at physical stores, with a 5% growth in revenue, even with the closure of 14 stores between December 2022 and March 2023. On the other hand, the retailer faced a 32.5% drop in revenue from sales through the digital channel, with gross revenue of BRL 43.1 million, between January and March of this year, against BRL 63.8 million in the 1st quarter of 2022. VIDEOS: most watched in g1

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