Lojas Renner
Encyclopedia
Lojas Renner (Portuguese
for Renner Stores) is the second largest Brazil
ian department stores clothing, 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
and Hering
.
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.
Portuguese language
Portuguese is a Romance language that arose in the medieval Kingdom of Galicia, nowadays Galicia and Northern Portugal. The southern part of the Kingdom of Galicia became independent as the County of Portugal in 1095...
for Renner Stores) is the second largest Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
ian department stores clothing, headquartered in Porto Alegre
Porto Alegre
Porto Alegre is the tenth most populous municipality in Brazil, with 1,409,939 inhabitants, and the centre of Brazil's fourth largest metropolitan area . It is also the capital city of the southernmost Brazilian state of Rio Grande do Sul. The city is the southernmost capital city of a Brazilian...
- Rio Grande do Sul
Rio Grande do Sul
Rio Grande do Sul is the southernmost state in Brazil, and the state with the fifth highest Human Development Index in the country. In this state is located the southernmost city in the country, Chuí, on the border with Uruguay. In the region of Bento Gonçalves and Caxias do Sul, the largest wine...
, Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
. It was the first Brazilian corporation
Corporation
A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...
with 100% of shares traded on Stock Exchange
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
and listed on the Novo Mercado
Novo Mercado
Novo Mercado is a listing segment of BM&F Bovespa for the trading of shares issued by companies that commit themselves voluntarily to adopt corporate governance practices in addition to those that are required by law....
, highest among the different levels of corporate governance in São Paulo Stock Exchange (BM&F Bovespa). The major Lojas Renner's competitors are Marisa
Marisa S.A.
Marisa is a major Brazilian department store company focused on clothing and accessories. Currently the company is the largest chain store specializing in women's fashion and women's underwear and one of the largest chains of department stores for women's clothing, men and children in Brazil.The...
, Riachuelo
Lojas Riachuelo
Lojas Riachuelo is a Brazilian company's retail segment founded in 1947 in the city of Natal, Brazil. Currently, the company has about 130 stores in 20 States of Brazil and also in the Federal District....
, C&A
C&A
C&A is an international chain of fashion retail clothing stores, with its European head offices in Vilvoorde , Belgium and Düsseldorf, Germany...
and Hering
Hering
Companhia Hering is a Brazilian textile and retail clothing company, being the leading clothing textile company in Latin America....
.
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.