- CEO
- Peter Takaharu Furukawa
- Full Time Employees
- 7,970
- Sector
- Retail trade
- Industry
- Specialty stores
- Address
- Avenida General Flores da Cunha, 1943 Cachoeirinha RS Brazil 94910-003
- IPO Date
- Aug 10, 2020
- Business
- Lojas Quero-Quero S.A. (LJQQ3.SA) operates as a specialty retailer focused on home improvement, household goods, and construction materials in Brazil. The company offers a comprehensive portfolio of products including building materials, tools, home appliances, furniture, electronics such as TVs, audio equipment, cell phones, and air conditioning units; small appliances, decoration, organization, garden items, bed, table and bath products, cleaning supplies, household utilities, children's items, fashion and lifestyle goods, computing, sports, beauty, automotive, musical instruments, technology, office and stationery supplies, agribusiness, and health products. Complementing its retail operations, Lojas Quero-Quero provides financial services through its VerdeCard credit card offerings, extended warranties, and diversified financing solutions tailored to retail customers. Founded in 1967 and headquartered in Cachoeirinha, Rio Grande do Sul, the company conducts its operations through approximately 579 physical stores across 491 cities, primarily in small and mid-sized towns in the states of Rio Grande do Sul, Santa Catarina, Paraná, Mato Grosso do Sul, and São Paulo, supported by three distribution centers.
In recent developments, Lojas Quero-Quero has pursued aggressive store expansion, opening 14 new stores in the first half of 2025 including six in the second quarter, and 22 stores throughout 2024, reinforcing its strategy to capture market share in underserved regions amid challenging macroeconomic conditions. The company reported revenue growth of 3% year-over-year to R$761 million in the second quarter of 2025, while emphasizing operational efficiency, credit management excellence, and phygital sales initiatives, with expectations for improved financial services margins post-third quarter due to funding cost adjustments. Ongoing strategic priorities include nationwide growth, technology investments, and cost controls to sustain performance into the second half of 2025, highlighted by its third-quarter earnings release scheduled for November 5, 2025.