Home / Knowledge / News / Apparel/Garments / Q2 same stores sales up 10% at retailer Lojas Renner
Q2 same stores sales up 10% at retailer Lojas Renner
23
Jul '14
Lojas Renner S.A. the largest fashion retailer in Brazil, announces its results for the second quarter and the first half 2014 (2Q14 and 1H14). 
 
 
 
Highlights of Second Quarter:  
• Same Store Sales of +10.0% 
• Gross Margin from the Retailing Operation of 54.2% (+0.7 p.p.) 
• OPEX accounted for 34.1% of Net Revenue (-0.6 p.p.)
• Results from Financial Products were up by 27.3% 
• Total Adjusted EBITDA Margin of 22.3% (+1.0 p.p.) 
• Net Income 20.9% greater than 2Q13 
 
The second quarter of the year was characterized by conjecture as to operations in the retail sector as a whole during the FIFA World Cup soccer tournament in the light of an expected reduction in customer traffic through the shopping malls and the larger number of associated holidays and pauses on days when games were being played. 
 
However, at Renner the quarter saw a good sales performance thanks to the assertiveness of the collection, correct allocation of products and inventory management, so enabling the Company to report growth of 17.3% in Net Revenue and 10.0% in Same Store Sales.
 
These factors contributed to Renner once again exceeding IBGE’s (the government statistics office) PMC – Monthly Survey of Trade indices based on data for the apparel and footwear sector already published up to May (+4.7%). 
 
This performance confirms Management’s perception that the current macroeconomic scenario creates business opportunities for those operators which are better structured and have competitive advantages. 
 
The Gross Margin from the Retailing Operation recorded a 0.7 p.p. improvement if compared with the same period in 2013, increasing from 53.5% in 2Q13 to 54.2%. Operating Expenses in turn reported a reduction of 0.6 p.p., accounting for 34.1% of Net Revenue from Merchandise Sales against 34.7% in 2Q13. 
 
Adjusted EBITDA from the Retailing Operation recorded growth of 21.8%, totaling R$ 195.7 million, with an Adjusted EBITDA Margin from the Retailing Operation of 17.6% versus 17.0% in 2Q13.  
 
Click here to access full results.
 
 
 

Lojas Renner

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search