Wednesday, May 27, 2020

Increase in Online Sales

Magazine Luiza's e-commerce recorded an increase of 73% in the first quarter of 2020. Composed of website, app, marketplace and the operations of Netshoes, Zattini, Época Cosméticos and Estante Virtual, digital sales exceeded the value of R$ 4 billion and correspond to 53% of the company's total sales. Magazine Luiza's marketplace grew 229% and reached R$ 1.2 billion in GMV, a growth of almost 185%. With this, it came to represent about 30% of the total e-commerce. Magalu's total sales reached R$ 7.7 billion, an increase of 34% over the same period last year.
Giro News - 26/05/2020 News Item translated automatically
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