Business
Brazilian fast-fashion retailer Lojas Renner SA reports 14 percent sales drop in Q2
New York - Brazilian fast-fashion retailer Lojas Renner SA reported on Tuesday a 14.4 percent fall in second-quarter net profit, dragged by growing taxes and operating expenses. Foreign currency exchange rates also dented the company’s profits. In a securities filing cited by Reuters, the company said its quarterly net profit dropped 14.4...
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