Fashion
Brazil’s Lojas Renner’s apparel revenue rises 5.1% in Q4
In 2025, retail net revenue increased by 9.2 per cent year-over-year with SSS growth of 8.1 per cent and a gross margin of 56.1 per cent (+0.7 p.p.). Apparel net revenue increased by 10.2 per cent year-over-year, with SSS growth of 8.9 per cent, and gross margin of 57.4 per cent (+0.7 p.p.). Digital GMV increased by 12.3 per cent, reaching a penetration of 15.5 per cent.
Lojas Renner reported strong FY25 results.
In Q4, apparel net revenue rose 5.1 per cent with 4.0 per cent same-store sales (SSS) growth and a 57.9 per cent gross margin.
For 2025, retail net revenue grew 9.2 per cent and apparel revenue 10.2 per cent, while digital GMV increased 12.3 per cent.
The company opened 34 stores and plans 50–60 new stores in 2026.
“Throughout 2025, we made steady progress in capturing the potential of our business model. We demonstrated our ability to deliver improvements across all key metrics to which we have committed for the 2026–2030 cycle. Retail net revenue grew in line with the annual guidance that will take effect from 2026. At the same time, we expanded gross margin, diluted expenses, increased ROIC, and delivered robust cash generation,” said Fabio Faccio, CEO of Lojas Renner.
“Retail net revenue advanced 9.2 per cent, reflecting meaningful market share gains and further strengthening our leadership in the Brazilian apparel retail sector. This performance is the result of a disciplined growth strategy focused on expansion into new cities, increased digital penetration, and continued productivity gains, mainly from trend capture initiatives and effective inventory allocation. Sales per square metre, approximately 45 per cent above direct competitors, continued to improve, demonstrating the efficiency of our omni-channel model. These achievements position us to meet our annual Retail net revenue growth target of 9 per cent to 13 per cent for the 2026–2030 period,” explained Faccio.
“During the year, we opened 34 new stores, including 23 in the fourth quarter, expanding our physical presence in underpenetrated markets and scaling proven, higher-return formats under the Renner brand. These initiatives increased engagement and contributed to the growth of our active customer base and NPS. For 2026, we plan to open 50 to 60 stores: 22 to 30 under the Renner brand, 23 to 25 Youcom stores, and approximately 5 Camicado stores,” Faccio added.
Fibre2Fashion News Desk (RR)
Total non-farm payroll employment edged down by 92,000 in the month following an increase of 126,000 in January.
The US unemployment rate, at 4.4 per cent, as well as the number of unemployed, at 7.6 million, changed little month on month in February, official statistics show.
Both the labour force participation rate, at 62 per cent, and the employment-population ratio, at 59.3 per cent, changed little in the month.
US manufacturing sector labour productivity decreased by 1.9 per cent QoQ in Q4 2025.
Both the labour force participation rate (LFPR), at 62 per cent, and the employment-population ratio, at 59.3 per cent, changed little in the month, a BLS release said.
These figures showed little change year on year (YoY) after accounting for the annual adjustments to the population controls.
US non-farm business sector labour productivity increased by 2.8 per cent quarter on quarter (QoQ) in the fourth quarter (Q4) last year as output increased by 2.6 per cent QoQ and hours worked decreased by 0.2 per cent QoQ. It increased by 2.8 per cent YoY in the quarter.
Annual average productivity increased by 2.2 per cent from 2024 to 2025.
US manufacturing sector labour productivity decreased by 1.9 per cent QoQ in Q4 2025 as output decreased by 2.2 per cent QoQ and hours worked decreased by 0.3 per cent QoQ. In the durable manufacturing sector, productivity decreased by 3 per cent QoQ, reflecting a 2.3-per cent QoQ drop in output and a 0.7-per cent QoQ increase in hours worked.
Fibre2Fashion News Desk (DS)
The Hormuz disruption has triggered the sharpest textile supply shock since COVID-19.
Ship transits collapsed 97 per cent, Brent crude rose 26 per cent, and polyester feedstocks jumped 25–40 per cent, pushing global textile production costs up 10–15 per cent.
With polyester accounting for ~59 per cent of global fibre output, energy volatility is rapidly transmitting into apparel costs.
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Prices for the nearby May contract on Intercontinental Exchange (ICE) traded within a narrow band of 64–66 cents per pound during the period. Meanwhile, the December ICE futures contract followed a gradual upward trend since early February, rising from below 68 cents per pound to above 70 cents recently.
Global cotton benchmarks remained mostly steady over the past month, with slight gains in key indices, according to Cotton Incorporated.
ICE May futures traded between 64–66 cents per pound, while the Cotlook A Index rose to 75 cents.
Higher global production forecasts and fluctuations in Chinese import demand continue to shape the outlook for cotton prices.
The global benchmark Cotlook A Index also edged higher from 73 to 75 cents per pound. In China, the China Cotton Index 3128B increased from 104 to 109 cents per pound, equivalent to a rise from 16,000 to 16,600 RMB per tonne.
In contrast, cotton prices in India slipped slightly from 76 to 74 cents per pound over the past month, while prices in Pakistan remained broadly stable near 68 cents per pound.
On the supply side, the latest outlook from the US Department of Agriculture (USDA) raised the forecast for global cotton production in the 2025-26 season by 1.1 million bales to 121 million bales, while world mill consumption was reduced marginally by 140,000 bales to 118.6 million bales. The revisions lifted projected global ending stocks by 1.3 million bales to 76.4 million as per Cotton Incorporated’s Monthly Economic Letter – Cotton Market Fundamentals & Price Outlook – March 2026.
The largest upward revisions to production were recorded in Brazil and China, while smaller adjustments were made for Argentina. Global cotton trade forecasts were also increased by 200,000 bales to 43.9 million bales.
Market analysts noted that shifts in Chinese import demand remain a major driver of global cotton price movements. Large swings in imports by China have historically influenced exportable supply and global prices, with past surges pushing ICE futures above 90 cents per pound.
Although China’s domestic production has improved significantly over the past decade, supported by higher yields and expanded cultivation, its import requirements are still expected to influence the market. The USDA’s preliminary forecast projects Chinese cotton imports at about 7 million bales in the 2026–27 season.
Fibre2Fashion News Desk (CG)
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