Lojas Renner

With annual sales of $7 billion, an aggressive digital strategy and a slew of recent acquisitions, Magazine Luiza is determined to conquer the fashion category.

Businesses face more threats than ever of cyber attacks and improper data handling. Fashion players must urgently improve their defenses and make digital security a strategic imperative.

The Brazilian company reported a quarterly net profit slump by 14.4 percent year-on-year in it's second quarter.

Renner, Brazil’s biggest clothing retailer, is the Ibovespa’s third-best performer this year after it boosted first-quarter sales by about 25 percent from a year earlier.