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Lojas Renner generated roughly **** billion Brazilian reals in net revenue in 2022, ranking at the top of the leading fashion retailers in Brazil that year. The clothing and accessories company, Guararapes, was the second leading retailer in the Brazilian fashion market that year, with a net revenue amounting to approximately *** billion Brazilian reals. The European clothing company C&A was the also among the top five leading fashion retailers in the South American country that year.

Brazil’s fashion industry

Brazil’s textile and apparel industry generated approximately 28 billion U.S. dollars in revenue in 2022. It ranked eleventh worldwide, with the United States, China, and India occupying the top three positions, respectively. In 2022, the Portuguese-speaking country saw industry exports to the value of roughly *** billion U.S. dollars, while the import value was **** times higher at almost *** billion U.S. dollars, resulting in a significant trade deficit that has been persistent in Brazil over the recorded time period from 2010 to 2022.

Lojas Renner

Lojas Renner, the Brazilian fashion retailer headquartered in Porto Alegre, registered an expansion from 2015 to 2022, by growing from *** to *** stores. The company, which is the largest omni-fashion retailer in Brazil with ** of its own brands, was the third most admired fashion retail company in Brazil in 2021, behind its competitors Riachuelo and C&A.