Brazil's biggest retailers push for online sales after pandemic
.... During the Pandemic, salespeople were able to sell via an app. They get commissions on everything they sell, be it online, third party products in the marketplace or in person, said Eduardo Galanternick, its vice-president. The largest companies, Lojas Renner and apparel retailer Luiza raised more than $3 billion in combined share offerings and invested proceeds mainly in M&A. Luiza and Via Varejo 's M&A strategy was to bulk up their digital presence to face increasing competition from panregional ...
Updated: 08/04/2021
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