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Emerging Markets

Magazine Luiza Posts US$14M Q2 Loss as Online Sales Fall 12%

The Rio Times · 1h ago · 🇧🇷 Brazil

Magazine Luiza Posts US$14M Q2 Loss as Online Sales Fall 12%

Magalu's stores gained ground and margins held, but an 11.9% online-sales decline and heavy financial costs pushed the Brazilian retailer deeper into loss. The post Magazine Luiza Posts US$14M Q2 Loss as Online Sales Fall 12% appeared first on The Rio Times .

Read the full story at The Rio Times →

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