Home / Knowledge / News / Fashion / LOJAS RENNER presents positive same store sales of 2.1%
LOJAS RENNER presents positive same store sales of 2.1%
28
Jul '09
LOJAS RENNER S.A., the second largest department store chain merchandising apparel in Brazil, announces its results for the second quarter 2009 (2Q09) and first semester 2009 (1S09).

Highlights of the 2nd quarter 2009:
The Company reported total Net Revenue of R$ 613.4 million in 2Q09 and R$ 1,032.5 million in 1S09, while Net Revenue from Merchandise Sales increased from R$ 510.3 million in 2Q08 to R$ 554.7 million in 2Q09. In 1S09, Net Revenue from Merchandise Sales was R$ 917.4 million against R$ 893.6 million in the same period 2008.

Same Store Sales recorded an increase of +2.1% in 2Q09 versus +5.4% in 2Q08. For the accumulated period between January and June, Same Store Sales for 2009 were down -4.0% against +7.9% posted in 2008.

Gross Profit from Merchandise Sales reached R$ 262.6 million in 2Q09 and the Gross Margin from Retailing Operation came from 47.5% to 47.3%. In 1S09, Gross Profit from Merchandise Sales was R$ 433.6 million and the Gross Margin was equivalent to 47.3% against 47.7% in 1S08.

The average Selling Expenses per store declined 7.7% and General and Administrative Expenses by 1.3% in 2Q09 compared to 2Q08. In 1S09, these reductions were 6.8% and 6.3% for Selling Expenses and General and Administrative Expenses, respectively.

The Results from Financial Services item was R$ 17.0 million in 2Q09, a 6.4% growth in relation to the R$ 16.0 million reported in 2Q08. In 1S09, Financial Services contributed 30.9% to total Company EBITDA, reaching R$ 43.5 million against R$ 34.5 million for 1S08.

2Q09 EBITDA was R$ 98.8 million, equivalent to an increase of 13.5% in relation to R$ 87.1 million reported in 2Q08. For the first half of the year, EBITDA was R$ 140.9 million against R$ 142.5 million in 1S08.

Lojas Renner opened five stores in 1S09, the entire network now totaling 115 units. Company total capex in the same period amounted to R$ 27.9 million.

A total of 14.3 million Renner Cards accounted for 61.5% of Company sales. The average ticket for the Renner Card reported an increase of 9.6%, rising from R$ 117.30 in 2Q08 to R$ 128.53 in 2Q09.

Click here to view full results:

LOJAS RENNER S.A.


Must ReadView All

Courtesy: Pexels

Textiles | On 19th Sep 2018

Punitive PRC tariffs on US goods has extra 5% on textiles

Responding to Washington’s latest duty increase in a dispute with...

Courtesy: Tecnorama

Textiles | On 19th Sep 2018

'Reliability & excellent quality are Tecnorama’s USP'

The complete reliability and excellent quality of Tecnorama systems...

Courtesy:  Stanislav Kondratiev on Unsplash

Apparel/Garments | On 19th Sep 2018

AAFA questions US tariffs on $200 bn Chinese goods

The American Apparel & Footwear Association (AAFA) has questioned...

Interviews View All

Smita Murarka, Amanté

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Sonia Agarwal, Whitenife

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Sandip Bhojani, Manthan Patel,

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

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

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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

Leave your Comments


September 2018

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

news category


Related Categories:

Advanced Search