Magazine Luiza, or Magalu, is one of the largest Brazilian retail companies together with GPA, Viavarejo, Lojas Americanas and others. The company is owned by Brazilian billionaire Luiza Trajano and family. Currently the company has more than 1001 stores and 9 distribution centers. The company offers 10 thousand items in their stores, and at the end of 2018, its online marketplace hosted more than 3,300 vendors offering a combined total of 4.3 million products. The company reported annual sales of $220 million USD from its online marketplace for 2018. The company is also one of the largest e-commerce companies of Brazil, competing with B2W and Via Varejo. In 2020, Magazine Luizia purchases Hubsales, a platform that allows industries to sell directly to the consumer, Canaltech, a technology site focused on gadget reviews and InLoco Media, the advertising part of InLoco, active in geolocation mobile data.
Magazine Luiza, or Magalu, is one of the largest Brazilian retail companies together with GPA, Viavarejo, Lojas Americanas and others. The company is owned by Brazilian billionaire Luiza Trajano and family. In 2020, Magazine Luizia purchases Hubsales, a platform that allows industries to sell directly to the consumer, Canaltech, a technology site focused on gadget reviews and InLoco Media, the advertising part of InLoco, active in geolocation mobile data.