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The retailer considers that the higher level of inventories, due to lower sales between April and June, is "healthy" and does not see "impact on gross margin"
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Renner: The company has released high level information on the company's operations, and the company announced that it will release the company's stock in the first quarter of 2008. (19459006) Renner expects growth potential in gross margin in the third quarter, despite the level of "aging securities are healthy, we see no impact on gross margin, we believe that it is possible to achieve an expansion in the third quarter, "said the company Friday. said Laurence Gomes, chief of financial services and investor relations, during a conference call on the balance sheet of the second quarter.
The day before, Lojas Renner announced a 42% increase in net profit in June, to 274.7 million reais, although the impact of the truckers' strike and the football world cup on the flow of visits slowed the same-store sales indicator to 2.5%
. events led some fashion market players to anticipate promotional campaigns in the period to increase the flow in the stores, which according to Gomes can be repeated in the third quarter.
"There was positioning adjustment depending on the competitive environment … We used this tactic to anticipate settlement exclusively for Camicado stores."
Nevertheless, the total stock of the group, including brands Renner, Camicado and Youcom, in the second quarter rose 24% from one year to the next. Gomes pointed out, however, that this increase is not solely due to the deceleration of sales .
According to him, larger stocks reflect the greater participation of imported items, part of Lojas Renner's strategy of anticipating the arrival. advantage of the most favorable exchange rate. "At 16:20, Lojas Renner's action fell 3.01%, among the worst performance of Ibovespa, which rose 0.6%., 33%.
The CFO and IR also said that the appetite for credit still suggests caution, but the company maintains positive expectations for the company's financial products in 2018.
Asked if the spending will follow in He said that this balance sheet is not expected to decline in the third quarter, but that it should look similar to the same period in 2017 during the last three months of the year.
"We continue to execute projects and strengthen the Physics integration structure and online, as well as projects to improve the buying experience, "commented Gomes. Among the initiatives, he mentioned the click and collect, which allows the customer to withdraw the product purchased on the Renner brand site in physical stores.
The fashion retailer has already implemented the service in about 100 units and intends to make it available. in the 334 Renner flagship stores from here the end of the year. The company also operates another 101 stores in Camicado and Youcom 92.
