A survey showed that 9.16% of installments were more than two months late at the end of last month
Deferred payment plans in fashion retail rose by 8.10% in September compared to August. The Meu Crediário Index, a survey of hundreds of retail chains in the country, indicates that 9.16% of installments are not paid between 61 and 90 days.
Jason Schneider, CEO of Meu, says: “In the last month, we saw a significant decline in sales compared to the same period in 2021. With fewer customers buying, the analysis suggests that a part of them also ended up not going out to pay. their cousins.” .
The index also found a 16.37% increase in delinquencies in September compared to the same period last year, when 7.66% of payment books were in arrears. Within fashion retail, the installment plan currently accounts for an average of 40% of store owners’ sales.
