Net income dropped 74% to BRL 144,377,000 ($27.4 mm) from BRL 547,172,000 for the third quarter, on 2% higher sales of BRL 977,588,000 ($185.7 mm) over BRL 955,676,000. E-commerce sales dipped 17% to BRL 120.3 million as the company maintained full-price selling in an increasingly promotional environment, further compounded by lapping 25% growth a year ago. Domestic results rose 3% to BRL 950.8 million, while foreign sales fell 25% to BRL 26.8 million as ongoing challenges in Argentina added to softness in other Latin American markets. The bottom line was hit ... Log in to view full article.