Lojas Renner reports growth of 10.5% in same store sales
02 Nov '10
4 min read
Store productivity is also worthy of note with Net Revenue per m2 reporting growth of 8.2% from R$ 2,018 per m2 to R$ 2,183 per m2 in 3Q10. In 9M10, the same indicator registered an improvement of 7.9% from R$ 5,934 to R$ 6,405 per m2.
In the period from January to September, Lojas Renner unveiled six stores, one in the South, another in the Northeast, one in the Midwest and three in the Southeast of Brazil. The Company currently has a sales area of 261.1 thousand m2 distributed among 126 stores. Investments dedicated to the preparation and rollout of new stores totaled R$ 16.9 million in 3Q10. The opening of a further eight stores is planned before the yearend, including the compact model pilot operations.
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