Lojas Renner

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 S.A.
Sociedade Anônima
Traded asB3: LREN3
Ibovespa Component
ISINBRLRENACNOR1 
IndustryDepartment store
Founded1912
FounderA. J. Renner 
HeadquartersPorto Alegre, Brazil
Key people
Claudio Thomaz Lobo Sonder, (Chairman)
José Galló, (CEO)
ProductsClothing
Revenue US$ 2.1 billion (2019)
US$ 272.0 million (2019)
Number of employees
22.334
Websitewww.lojasrenner.com.br

History
Lojas Renner store in a shopping mall in Recife.

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 1940s, 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

Today, Lojas Renner is the largest Brazilian retail chain of clothing departments by revenue and has 590 stores, being 367 Renner, 114 stores of Camicado, 101 Youcom stores and 8 stores from Ashua brand. 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 4 stores in Argentina, 2 being in Córdoba and 2 in Buenos Aires.

Ilha Plaza Shopping Racism Case

On August 6, 2020, young Matheus Fernandes was a victim of racism and violence by armed security guards inside one of Renner's Store, the boy was thrown down the stairs, immobilized and had a gun pointed at his head, the case quickly gained international repercussion and went viral through social networks that soon gained repercussion in the traditional Brazilian media. [1]


gollark: Most random 2¢ cryptocurrencies will not actually become worth anything.
gollark: Apparently, you were warned a lot.
gollark: This is because they are banned.
gollark: Banned people cannot in fact talk here.
gollark: Maybe they want you to do a bit on the basics of how it works and write the rest about extra stuff like security implications or something.

References
  1. "Jovem negro é abordado em loja Renner e agredido em shopping no Rio". Exame (in Portuguese). 2020-08-08. Retrieved 2020-08-13.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.