Home / Knowledge / News / Results / Lojas Renner Q4 FY20 revenue grows 1.6% to R$ 2,920 mn

Lojas Renner Q4 FY20 revenue grows 1.6% to R$ 2,920 mn

23
Feb '21
Pic: Lojas Renner
Pic: Lojas Renner
Brazilian fashion retailer, Lojas Renner, has reported 1.6 per cent revenue growth to R$ 2,919.6 million (Brazilian real) in its fourth quarter (Q4) FY20 ended in December 2020 compared to the revenue of R$ 2,873.1 million in the same period prior fiscal. However, net income for the quarter slipped 31 per cent of R$ 354.0 million (Q4 FY19: R$ 512.8 million).
 
In Q4 FY20, company’s digital sales increased 123.2 per cent representing 9.4 per cent of the total sales.
 
“Over the course of the last quarter of 2020, fresh improvements were made in the customer shopping experience such as the launching of the virtual fitting room, bringing with it more autonomy, flexibility as well as improvements in customisation of browsing,” company stated in a press release.
 
Gross profit for the quarter dropped 5.7 per cent to R$ 1,570.3 million (R$ 1,666.0 million). Operating expenses for Q4 was R$ 868.2 million (R$ 771.7 million).
 
Sales of Renner brand during Q4 FY20 grew 0.5 per cent to R$ 2,622.0 million (R$ 2,609.6 million). Whereas, sales of Camicado brand jumped 14.4 per cent to R$ 203.2 million (R$ 177.7 million), and for Youcom brand it rose 6.4 per cent to R$ 91.2 million (R$ 85.7 million).

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 26th Feb 2021

Indonesia imposes ADD on RMG products

Indonesia recently imposed anti-dumping duty (ADD) equivalent to a...

Pic: Shutterstock

Textiles | On 26th Feb 2021

ITC supports boosting Tajik textile-clothing sector's

As part of the International Trade Centre's (ITC) intensive training...

Pic: GOTS

Textiles | On 26th Feb 2021

GOTS certifications grow by 34 per cent in 2020

In 2020, the number of GOTS certified facilities have reported a...

Interviews View All

Veronique Lee, Modavanti

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Laksheeta Govil,

Laksheeta Govil

Founded in 2014, Fizzy Goblet is a Delhi / NCR based handcrafted leather...

Henk-Jan Rohaan,

Henk-Jan Rohaan

The custom-built machineries of Brugman Holland are known for reliability, ...

Emanuel Fertuzinhos,

Emanuel Fertuzinhos

Founded in 1981, Lisama, a Portuguese company, is a pioneer in the textile ...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

<span style="font-size: 12px;">Designer <b>Suman Nathwani</b> talks about...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

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

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


February 2021

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


Advanced Search