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    Brazilian fashion retailer Rojas Renner quadruple sales in the second quarter

    Brazilian fashion retailer Rojas Renner’s revenue from product sales in the second quarter was R $ 2,257.5 million (Brazilian real), four times higher than R $ 539.6 million in the year-ago quarter. I did. Digital revenue for the quarter ended June 30, 2021 was R $ 414.5 million (Q2 2008: R $ 248.9 million), an increase of 66.5%.

    “The second quarter of this year proved to be a turning point in the company’s sales performance, especially on April 19, with some restrictions lifted and some flexibility introduced, the majority. It became clear when the store’s activities resumed, “the company said in a statement.

    Brazilian fashion retailer Rojas Renner’s revenue from product sales in the second quarter was R $ 2,257.5 million (Brazilian real), four times higher than R $ 539.6 million in the year-ago quarter. I did. Digital revenue for the quarter ended June 30, 2021 was R $ 414.5 million (Q2 2008: R $ 248.9 million), an increase of 66.5%.

    “Currently, our omni-channel journey uses 100% of our in-store inventory to support online purchases, significantly increase our assortment, and leverage our stores for last mile deliveries. We will continue to expand our store network to open 27 units and continue to invest in the guide shop pilots that were launched in April, “added the statement.

    Sales of the Renner brand in the second quarter of 2009 increased by 480.9% to R $ 2,045.7 million (R $ 480.9 million). Sales of the Camicado brand increased by 205.2% to R $ 149.6 million (R $ 49 million), benefiting from the resumption of consumer liquidity and improved product lineup and store operations. In addition, three-month Youcom brand sales surged 539.1% to R $ 62.2 million (R $ 9.7 million).

    Gross profit from product sales increased to R $ 1,240.7 million (R $ 241.8 million). However, adjusted EBITDA from retailers decreased by 38.7% to R $ 278.4 million (R $ 454.2 million). Second-quarter net performance fell to R $ 193.1 million (R $ 818.1 million).

    “We continue to invest in strengthening our value proposition to continue to gain market share and are increasingly strengthened as a segment leader ecosystem. We are already the largest omni fashion player in Brazil and We continue to work on the project through strong stakeholder relationships based on ESG performance, “concluded the Brazilian retailer.

    Fiber2Fashion News Desk (JL)

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    Brazilian fashion retailer Rojas Renner quadruple sales in the second quarter

    Source link Brazilian fashion retailer Rojas Renner quadruple sales in the second quarter

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