Home / Knowledge / News / Fashion / Apparel store Lojas Renner revenues rise in Q3

Apparel store Lojas Renner revenues rise in Q3

Oct '05
One of the three largest apparel department stores in Brazil, Lojas Renner announced today its results for the third quarter of 2005.

* Same store sales increased 17.4 percent when compared to 3Q04. For the 9M05, sales increased 12.4 percent versus the same period of 2004.

* Net Revenues rose 21.7 percent, going from R$210.0 million in the 3Q04 to R$255.4 million in the 3Q05. For the 9M05, the increase was 17.1 percent, reaching R$732.6 million.

* EBITDA margin rose to 10.2 percent in this quarter from 9.0 percent in the 3Q04. EBITDA increased from R$18.9 million in 3Q04 to R$26.0 million in 3Q05 (+37.6 percent). The EBITDA for the 9M05 was R$84.2 million, representing an increase of 25.5 percent.

* As previously announced in the 2Q05 earnings release, extraordinary expenses related to the Primary and Secondary Public Offering of Shares in the amount of R$16.4 million were recorded during the third quarter of 2005.

* In the 3Q05, Lojas Renner recorded a Net Loss of R$ 0.6 million, compared with a net income of R$20.1 million in 3Q04. For the 9M05, Net Income reached R$34.6 million, up 132.0 percent over 9M04. Excluding the extraordinary expenses from the public offering of shares and the income tax and social contribution effects, net income would have been R$10.2 million in the quarter and R$ 47.4 million for the 9M05.

Lojas Renner is one of the threelargest apparel department store chains in Brazil. With 64 stores, being 58 mall-based stores and 6 stand-alone stores strategically located throughout the South, Southeast and Mid-Western regions of Brazil, the Company designs, develops and sells women's, men's, teen and children's quality and fashionable apparel, footwear and intimate apparel under the eleven private brands of its Lifestyle concept, each of which targets a specific clothing style.

Lojas Renner

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

BGMEA seeks bank assistance scheme to face virus impact

The Bangladesh Garment Manufacturers and Exporters Association...

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

Uzbekistan 3rd biggest garment exporter to Kazakhstan

Uzbekistan exported 10,000 tonnes of apparel to Kazakhstan in 2019,...

Pic: Riddell

Apparel/Garments | On 24th Feb 2020

Riddell sells part of apparel business to BSN Sports

Riddell, leader in football helmet technology, has sold certain...

Interviews View All

Binoy Ravjani, Hero's Fashion

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Textile Industry, Head honchos

Textile Industry
Head honchos

Trade buzz: This could be a landmark budget

Himanshu Jariwala,

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Eric Schoeller,

Eric Schoeller

Groz-Beckert is the world's leading provider of industrial machine...

Mario Castro,

Mario Castro

Fibraltex is an integral factory dedicated to the production of denim...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Dave Rousse, INDA

Dave Rousse

INDA, a global association of the nonwoven fabrics industry, has been...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Robert Brunner, Devereux

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2020

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

Advanced Search