Lojas Renner

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Lojas Renner S.A.
Sociedade Anônima
Traded asB3LREN3
Ibovespa Component
IndustryDepartment store
Founded1912
HeadquartersPorto Alegre, Brazil
Key people
Claudio Thomaz Lobo Sonder, (Chairman)
José Galló, (CEO)
ProductsClothing
RevenueIncrease US$ 2.2 billion (2018)
Increase US$ 257.5 million (2018)
Number of employees
19,989
Websitewww.lojasrenner.com.br

Lojas Renner (Portuguese for Renner Stores) is the largest Brazilian department stores clothing company, headquartered in Porto Alegre - Rio Grande do Sul, Brazil. It was the first Brazilian corporation with 100% of shares traded on Stock Exchange and listed on the Novo Mercado, highest among the different levels of corporate governance in São Paulo Stock Exchange (B3). The major Lojas Renner's competitors are C&A, Zara, Forever 21 and Hering.

Lojas Renner store in a shopping mall in Recife.

History[edit]

It was founded in 1912 by Anthony Jacob Renner, with the name of A. J. Renner. The company sold layers of pure wool and layers men's clothing, resistant to cold, the wind and rain, which became an essential piece for both the cowboy and the Campaign for the man in the city.

The first point of sale of Lojas Renner was inaugurated in 1922. From the 40's, with a broader marketing of products, it became a department store. The Renner SA was born in 1965. Two years later, came the release of shares. In 1991, Lojas Renner became a department store specializing in fashion.

On December 22, 1998, was bought by the multinational company of department stores in the U.S. JC Penney, then owner of 97.7% of the shares.

In June 2005, with the departure of JC Penney, Renner's shares were sold in powdered form in BM&F Bovespa, becoming the first Brazilian corporation.

Stores[edit]

Today, Lojas Renner is the largest Brazilian retail chain of clothing departments by revenue and has 530 stores, being 338 Renner, 101 stores of Camicado and 92 Youcom stores, installed in shopping malls and in points in central cities in the South, Southeast, Midwest, North and Northeast the country. Company also operates in Uruguay. The company is expected to open 3 stores in Argentina, 2 being in Córdoba and 1 in Buenos Aires.

References[edit]