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

Apparel/Garments | On 25th Jun 2016

AEPC fears Brexit will hurt Indian apparel exports

The Apparel Export Promotion Council (AEPC) expressed its...

Courtesy: ITMF

Textiles | On 25th Jun 2016

Global yarn output up 20% q-o-q in Q1 2016: ITMF

The global yarn production increased by 20 per cent...

Courtesy: Balmain

Fashion | On 25th Jun 2016

Qatari investment fund buys French label Balmain

Mayhoola for Investments, an investment fund backed by the Emir of...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Smita Murarka
Amanté

Trend for lingerie

Rajiv Sirohi
Shara

What kind of fabric is in demand in export markets of home textiles? What...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
june 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search