History
In 1992, Magalu launched its first “virtual” stores, which at the time were physical retail outlets equipped with multimedia ordering kiosks, which were still in use in 2019. In January 2016, Frederico Trajano became Magazine Luiza’s CEO. In August 2020, the company acquired ''Hubsales'', a website selling products directly to consumers, ''Canaltech'', a gadget review website, and ''InLoco Media'' an advertising company using mobile phone location tracking data. In November 2020, it was announced that the trainee program would only accept Black Brazilians in order to confront structural racism, in which Black Brazilians are often sidelined.References
{{Ibovespa companies Retail companies established in 1957 1957 establishments in Brazil Retail companies of Brazil Companies based in São Paulo (state) Department stores of Brazil Companies listed on B3 (stock exchange) Brazilian brands