Lojas Renner Announces Total Net Revenues of R$ 566.7 Million and EBITDA of R$ 87.1 Million in 2Q08

PORTO ALEGRE, Brazil, Aug. 13 /PRNewswire-FirstCall/ -- LOJAS RENNER S.A. (Bovespa: LREN3), the second largest apparel department store chain in Brazil, today announces its results for the 2Q08 and 1H08.

HIGHLIGHTS

-- The Company's total Net Revenues reported growth of 15.5%, increasing from R$ 490.9 million in 2Q07 to R$ 566.7 million in 2Q08. In 1H08, total Net Revenues were R$ 998.5 million, 19.1% higher than the R$ 838.4 million posted in the same period in 2007.

-- Net Revenues from Merchandise Sales recorded an increase of 14.8%, from R$ 444.4 million in 2Q07 to R$ 510.3 million in 2Q08. In 1H08 it reached R$ 893.6 million, an improvement of 18.4% versus the same period in 2007. Same Store Sales registered growth of 5.4% in 2Q08 and 7.9% in 1H08.

-- Gross Profit from Merchandise Sales was R$ 242.3 million in 2Q08 and Gross Margin from Retail Operations was 47.5% versus 46.3% in 2Q07. In 1H08, Gross Profit was R$ 425.9 million with a Gross Margin of 47.7%.

-- EBITDA registered an increase of 15.1%, reaching R$ 87.1 million in 2Q08. The EBITDA Margin reached 17.1% in the quarter versus 17.0% in 2Q07. In 1H08, EBITDA reached R$ 142.5 million, 24.4% more than the 1H07. The EBITDA Margin in 1H08 was 16.0% versus 15.2% in 1H07.

-- The Renner Card accounted for 64.6% of 2Q08 sales and the Company has now issued a total of 12.7 million cards with the average purchase reaching R$ 117.30 in 2Q08 and R$ 110.35 in 1H08.

Conference Call in English Date: August 14, 2008 Time: 12:00 pm (EDT) / 1:00 pm (Brazil) Telephone: [phone] Toll Free: [phone] (U.S. and Canada) 08000 323836 (U.K.) Replay: + 1(706) 645 9291 or + 1 [phone] Code: 53899279 Webcast: http://www.mz-ir.com/webcast/renner/2t08/?e About Lojas Renner

Lojas Renner is the second largest department store chain merchandising apparel in Brazil, currently with 101 stores, 94 of them installed in shopping malls and a further seven stand-alone stores in downtown city areas, located in the South, Southeast, Midwest, North and Northeast of Brazil. The Company develops and sells footwear and underwear through 11 private brands, of which six represent the Lifestyle concept, each brand targeting a specific style and way of dressing.

Contact Paula Picinini [phone]