Magazine Luiza, or Magalu, began as a single furniture store in the São Paulo countryside in 1957. Today it is one of Brazil's largest retailers, built around a digital platform that reaches far beyond its physical stores. Full nameMagazine Luiza S.A. Tickers / exchangeMGLU3 / B3 (São Paulo) HeadquartersFranca, São Paulo, Brazil SectorConsumer Cyclical — Specialty Retail Employees35,000 Market valueR$ 7.53 billion (US$ 1.50 billion) Yearly salesR$ 38.28 billion (US$ 7.65 billion) Net profitR$ 204.6 million (US$ 40.9 million) Net margin0.23% Return on equity0.8% Price-to-earnings88.3 Dividend yield0.88% Websitemagazineluiza.com.br What it …
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