Grendene’S Turnover Slides, But Efficiency Is Stalwart

Gross revenues dropped by 1.5 percent to 373.7 million reais (€133.0m-$172.1m) in the 3rd quarter ended Sept. 30, as Grendene’s average price for footwear increased by 2.8 percent, but the total volume decreased by 4.2 percent. The Brazilian company’s domestic sales fell by 2.2 percent to R$333.3 million (€118.6m-$153.5m), while ...

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