Home / Knowledge / News / Results / Lojas Renner Q1 FY20: sales down 6.1% to R$ 1,550 million

Lojas Renner Q1 FY20: sales down 6.1% to R$ 1,550 million

May '20
Pic: Lojas Renner
Pic: Lojas Renner
Brazilian fashion retailer Lojas Renner, posted 6.1 per cent revenue decline to R$ 1,550.2 million in first quarter (Q1) FY20 compared to revenue of R$ 1,650.3 million in same period prior year. Company reported 93.6 per cent fall in its net income to R$ 10.4 million (Q1 FY9: R$ 161.6 million). Gross profit were R$ 858.9 million (R$ 911.9 million).
Company reported that until March 13, sales proceeded at a good pace with increased customer flows through the stores. The fall-winter collection was launched in early March which indicated good customer acceptance.
Sales of Renner brand during the quarter were down 6.2 per cent to to R$ 1,404.9 million (R$ 1,497.6 million). Sales of Camicado brand fell 4.8 per cent to R$ 108.1 million (R$ 113.5 million). Sales of Youcom brand decreased 5.2 per cent to R$ 37.2 million (R$ 39.3 million). 
Lojas Renner reported that the digital channels reported a good rate of growth with an increase of 32.9 per cent compared to Q1 FY19.

Fibre2Fashion News Desk (JL)

Must ReadView All

Pic: Shutterstock

E-commerce | On 3rd Mar 2021

Digital e-com rules may negatively affect developing

Many digital rules being framed by a group of 86 countries under the...

Pic: Shutterstock

E-commerce | On 3rd Mar 2021

Jordan govt urged to impose tax on online purchases from

Asad Qawasmi, who represents the garment and jewellery sector at the...

Pic: Huntsman Textile Effects

Textiles | On 3rd Mar 2021

Huntsman, Sciessent partner for microbe & odour resistant

Huntsman Textile Effects, a Singapore-based provider of high-quality...

Interviews View All

Sunil Kumar Sharma, Loknayak JPNSSSG Ltd

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Saad Khaled Bari,

Saad Khaled Bari

Benetex Industries is a public ltd company established in year 1992 to...

Pierre Wiertz, EDANA

Pierre Wiertz

EDANA, the international association serving the nonwovens and related...

Jacques Prigneaux, EDANA

Jacques Prigneaux

EDANA has been the leading global association and voice of the nonwovens...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

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

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Aneeth Arora, Péro

Aneeth Arora

The Woolmark Company has partnered with handmade fashion label Péro and...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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 2021

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

Advanced Search