Sodimac closes 7 Brazil stores, cuts jobs in largest retrenchment since 2013

Sodimac, Falabella's construction retail arm, closed seven Brazilian stores in Q2, cutting ~14% of its national footprint and laying off staff. This marks the largest contraction since its 2013 expansion, signaling weakening demand in Brazil's home-improvement sector. The move may reflect broader consumer stress and could pressure Falabella's regional earnings.