Lojas Renner news and archive

Brazilian fast-fashion retailer Lojas Renner SA reports 14 percent sales drop in Q2

New York - Brazilian fast-fashion retailer Lojas Renner SA reported on Tuesday a 14.4 percent fall in second-quarter net profit, dragged by growing taxes and operating expenses. Foreign currency exchange rates also dented the company’s profits. In a securities filing cited by Reuters, the company said its quarterly net profit dropped 14.4...

Business

Brazil’s largest fashion retailer beats quarterly profit expectations by 45 percent

New York - Lojas Renner SA reported on Thursday a quarterly net profit that was 45 percent higher year-on-year and greatly exceeded market expectations, helped by double-digit sales growth. Brazil's largest fashion retailer issued a securities filing, indicating first-quarter net profit came in at 161.6 million reais (circa 41 million dollars...

Business

Brazilian apparel chain Lojas Renner reports annual profit for the first time

New York - Brazilian apparel chain Lojas Renner SA reported an annual profit of over 1 billion reais (about 269 million dollars) for the first time last year, helped by double-digit revenue growth. “We see good customer traffic and the same pace we had at the end of last year,” Chief Financial Officer Laurence Gomes said in a telephone interview...