Coronavirus and Trade Credit: Impacts
Posted: Thu Jan 23, 2025 9:11 am
After weeks of quarantine and social isolation due to the coronavirus, some Brazilian cities are now beginning to gradually reopen their businesses , taking the necessary preventive measures against the coronavirus.
Still, it will take a long time until we ios database return to “normal” retail operations, especially for those who sell on their own credit .
What happens to retailers who work with direct consumer financing?
How important are credit analysis tools at this time?
How can credit boost sales and bring customers to the store after reopening after coronavirus?
It was to address these issues that I decided to write this article and also record a video for our YouTube channel .
Click play and check it out!
YouTube video
Credit as a strategic tool in the post-coronavirus pandemic
Reopening businesses is something that, sooner or later, will end up happening in all Brazilian cities.
At this point, the first thing you should ask yourself is:
What strategic vision should my store have to resume business?
It is already clear to everyone that we will see a generalized drop in retail sales volume , hitting the clothing, footwear, optics and furniture segments hard.
What few people realize is that your own credit can be an excellent tool to boost your recovery .
This does not mean that we will have more credit sales from now on.
But yes, this payment method has great potential to mitigate the drop in sales.
In addition to bringing back to the store those who have outstanding payments, the installment plan is a very attractive financing alternative for consumers in a time of crisis.
I say this because we are already noticing some situations of reduction of consumer limits by banks and card operators.
Given these limitations, the demand for credit tends to grow.
Still, it will take a long time until we ios database return to “normal” retail operations, especially for those who sell on their own credit .
What happens to retailers who work with direct consumer financing?
How important are credit analysis tools at this time?
How can credit boost sales and bring customers to the store after reopening after coronavirus?
It was to address these issues that I decided to write this article and also record a video for our YouTube channel .
Click play and check it out!
YouTube video
Credit as a strategic tool in the post-coronavirus pandemic
Reopening businesses is something that, sooner or later, will end up happening in all Brazilian cities.
At this point, the first thing you should ask yourself is:
What strategic vision should my store have to resume business?
It is already clear to everyone that we will see a generalized drop in retail sales volume , hitting the clothing, footwear, optics and furniture segments hard.
What few people realize is that your own credit can be an excellent tool to boost your recovery .
This does not mean that we will have more credit sales from now on.
But yes, this payment method has great potential to mitigate the drop in sales.
In addition to bringing back to the store those who have outstanding payments, the installment plan is a very attractive financing alternative for consumers in a time of crisis.
I say this because we are already noticing some situations of reduction of consumer limits by banks and card operators.
Given these limitations, the demand for credit tends to grow.