20 May 2020
The Weekly

Categories: Department Stores

Brazil

Lojas Renner, posted 6.1% revenue decline to R$ 1,550.2mn in first quarter (Q1) FY20 compared to revenue of R$ 1,650.3mn in same period prior year. Company reported 93.6% fall in its net income to R$ 10.4mn (Q1 FY9: R$ 161.6mn). Gross profit was R$ 858.9mn (R$ 911.9mn). The Company reported that until March 13, sales proceeded at a good pace with increased customer flows through the stores. Lojas Renner reported that the digital channels reported important growth with an increase of 32.9% compared to Q1 FY19.

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