B2W Announces a Growth of 39% of Gross Revenue, 50% of EBITDA and an Improvement...

B2W Announces a Growth of 39% of Gross Revenue, 50% of EBITDA and an
Improvement of 42 Days on the Cash Conversion Cycle in 2Q08

RIO DE JANEIRO, Brazil, Aug. 7 /PRNewswire-FirstCall/ -- B2W - Companhia
Global do Varejo (BOVESPA: BTOW3), a company formed from the merger between
Americanas.com and Submarino, announces today its results for the 2nd quarter
of 2008 (2Q08) and the first half of 2008 (1H08). The financial statements
were prepared and are presented in accordance with the norms issued by the
Securities Exchange Commission (known locally as CVM) as well as the Novo
Mercado listing rules. Except when otherwise specified, the analyses refer to
the Parent Company (Americanas.com, Submarino and Shoptime).
B2W's portfolio is comprised of the brands Americanas.com, Shoptime,
Submarino, Blockbuster Online, Ingresso.com, Submarino Finance and B2W
Viagens, offering over 30 product and service categories through the Internet,
telesales, catalogues, TV and kiosks.

Highlights of the Period
-- Gross revenue: 39% growth in 2Q08 and in 1H08
Gross revenue reached R$1,030MM in 2Q08, representing a growth of 39%
in relation to 2Q07. The same growth of 39% was reached in the 1H08, in
comparison with the 1H07.
-- Gross Profit: 40% growth in 2Q08 and 39% in the 1H08
In 2Q08, Gross Profit jumped to R$218.9MM from R$156.4MM in 2Q07, up
40% and registering a Gross Margin of 30.3%. In 1H08, gross profit
totaled R$436.8MM with the same Gross Margin of 30.3%.
-- Operating Expenses: Drop of 90 bps in 2Q08 and 110 bps in 1H08
15.8% of NR in 2Q08, down 90 basis points compared with 2Q07, and 16.1%
of NR in 1H08, representing a drop of 110 basis points in relation to
1H07.
-- EBITDA: Growth of 50% in 2Q08 and in 1H08
EBITDA reached R$104.5MM in 2Q08 and R$204.5MM in the 1H08, up 50% in
relation to the same periods of the previous year.
-- EBITDA Margin: Increase of 110 bps in 2Q08 and 100 bps in 1H08
14.5% of NR in 2Q08 and 14.2% in the 1H08, up 110 and 100 bps when
compared with the same periods in 2007.
-- Cash Conversion Cycle: Improvement of 42 days
In 2Q08, B2W's cash conversion cycle was 92 days against 134 days in
the same period of the preceding year.
-- 2Q08 Consolidated Results
-- Gross Revenue growth of 37% (R$1,072MM);
-- EBITDA of R$109.7MM, growth of 53%;
-- EBITDA Margin of 14.5%, up 150 basis points.
-- Submarino Finance: More than 300 thousand cards issued
Submarino Card reached the milestone of 17% in sales in Submarino
website.

For a complete version of the 2Q08 Earnings Release, access the company's
website: www.b2winc.com

Conference Call and Webcast
(in Portuguese - simultaneous translation into English)
August 08th, 2008
11:00 a.m. (EDT)
12:00 p.m. (Brasilia Time)
Phone: +1 (888) 700.0802 (USA)
+1 (786) 924.6977 (Other countries)
Access code: B2W
Replay: +55 (11) 4688.6312
Access code to Replay: 288

Additional information may be obtained by contacting the Investor
Relations department:
SOURCE B2W - Companhia Global do Varejo

B2W- Companhia Global do Varejo, Investor Relations Team, +55 (21) 2206-6000,
ri@b2winc.com