Type Sociedade Anônima Industry Department store Revenue US$1.6 billion (2013) CEO Jose Gallo (15 Mar 1999–) | Traded as BM&F Bovespa: LREN3 Products Clothing Founder A. J. Renner Headquarters Brazil | |
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Key people Claudio Thomaz Lobo Sonder, (Chairman)
José Galló, (CEO) Stock price LREN3 (BVMF) R$ 26.24 +0.34 (+1.31%)10 Mar, 6:13 PM GMT-3 - Disclaimer Founded 1912, Rio Grande do Sul, Brazil Profiles | ||
Lojas Renner (Portuguese for Renner Stores) is the second 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 (BM&F Bovespa). The major Lojas Renner's competitors are Marisa, Riachuelo, C&A, Forever 21 and Hering.
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History
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
Today, Lojas Renner is the second largest Brazilian retail chain of clothing departments by revenue and has 315 stores, being 234 Lojas Renner, 58 stores of Camicado Houseware and 23 YOUCOM stores, installed in shopping malls and in points in central cities in the South, Southeast, Midwest, North and Northeast the country.