started · updated
Casas Bahia closes 298 stores and initiates mass layoffs
Casas Bahia is undergoing a major restructuring following significant financial losses. Between August 13 and 14, the retailer closed 298 stores, representing approximately 28.7% of its total physical network in Brazil.
The restructuring includes large-scale layoffs. While approximately 1,900 employees have been dismissed, some estimates suggest the total number of job cuts could reach 3,000. Labor unions, including the Sindicato dos Empregados do Comércio de Osasco, are reportedly preparing collective legal action to challenge the manner in which these dismissals were conducted.
The company's financial situation remains challenging. Casas Bahia reported a loss of R$ 1.06 billion in the first quarter of 2026, more than double the loss from the same period in 2025. The company's accumulated loss for 2025 was approximately R$ 3 billion. In response to these pressures, the retailer is shifting focus toward digital channels, where sales of proprietary products grew by 26% in the first quarter, even as physical store sales declined by 1.8%.
To improve cash flow, the group has also been negotiating extended payment terms with suppliers and adjusting marketplace payment structures. The company previously underwent extrajudicial recovery in 2024 to reorganize its capital.
Entities
Casas Bahia · Ponto · Sindicato dos Empregados do Comércio de Osasco · Valor Econômico
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 9 SOURCES] The store closures represent approximately 28.7% of the company's total units in Brazil. diariodopara.com.br · portal.babadosebadalos.com.br · www.abcmais.com · www.acordacidade.com.br · jequiereporter.com · +3 more
- [● 5 SOURCES] The company underwent extrajudicial recovery in 2024 to reorganize its capital. www.brasilemfolhas.com.br · portal.babadosebadalos.com.br · www.abcmais.com · 98fmnatal.com.br · dol.com.br
- [● 5 SOURCES] Digital sales of proprietary products grew by 26% in the first quarter. diariodorio.com · www.brasilemfolhas.com.br · salvadornoticia.com · www.abcmais.com · www.acordacidade.com.br
- [● 17 SOURCES] Casas Bahia closed 298 stores between Thursday (13) and Friday (14). diariodorio.com · diariodopara.com.br · www.brasilemfolhas.com.br · portal.babadosebadalos.com.br · salvadornoticia.com · +10 more
- [● 7 SOURCES] Casas Bahia reported a loss of R$ 1.06 billion in the first quarter of 2026. diariodorio.com · diariodopara.com.br · www.brasilemfolhas.com.br · www.abcmais.com · www.acordacidade.com.br · +1 more
- [● 13 SOURCES] Approximately 1,900 employees were dismissed, though estimates suggest the total could reach 3,000. diariodorio.com · diariodopara.com.br · www.brasilemfolhas.com.br · portal.babadosebadalos.com.br · 98fmnatal.com.br · +6 more
- [● 6 SOURCES] The company's accumulated loss for the year 2025 was approximately R$ 3 billion. diariodorio.com · diariodopara.com.br · www.brasilemfolhas.com.br · portal.babadosebadalos.com.br · www.abcmais.com
- [● 5 SOURCES] Physical store sales decreased by 1.8% in the first quarter. www.brasilemfolhas.com.br · salvadornoticia.com · www.abcmais.com · www.acordacidade.com.br · diariodorio.com