As Walmart does with ambition in the U.S., Brazil too has its pioneer in unified retail. It is the electronics and home appliance retailer Magazine Luiza (turnover of US$1.7 billion in Q3 2019, up by 47%), operating 1,000 stores in Brazil. Founded in the 1950s in Sao Paulo, the family business nicknamed “Magalu” is today one of the most unified retailers within Latin America’s 1st economy.
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