Magalu grew double-digit during Black Friday 2024. The company sold more than 1.2 billion reais in products on Friday alone, recording growth across all its sales channels (e-commerce, marketplace, and physical stores) and marking its best Black Friday in history. The number of customers who shopped at Magalu's Black Friday increased by 16% compared to last year.
On that date, Magalu's app was the most downloaded in Brazil, all of its brands (Magalu, Kabum, Época Cosméticos, and Netshoes) were among the most discussed on Twitter, and the company achieved great engagement with its Black Push promotional campaign. This was truly a historic Black Friday for Magalu. In a year when the company has been in a recovery pace, reporting profit in every quarter, having a busy sales event like this makes anyone in retail happy, says Fabricio Garcia, Magalu's Vice President of Operations. We managed to have a great Black Friday, with balanced margins and increased market share.
TVs, smartphones, refrigerators, and washing machines were the highlight categories on Black Friday, products that are "dream purchases" and that customers traditionally wait for Black Friday to take advantage of discounts. But among the fastest-growing categories were lines such as supplements, musical instruments, babies, beauty, games, cleaning, wearables, and toys – with a highlight on marketplace products that were already stocked in Magalu's distribution centers, in fulfillment.
The company also leveraged the data to implement its credit strategy. Luiza Card was a highlight in installment payments and Digital CDC, and the possibility of paying with two cards made its debut on Black Friday with impressive numbers. And the increase in sales was not reflected in an increase in complaints, with the NPS (Net Promoter Score) rising by 9 points and a 26% reduction in the total number of complaints on Reclame Aqui compared to last year. For this, technology was very important: the number of customers who resolved their issues through self-service increased by 64% this year.
Among the highlighted products is the PlayStation 5, whose sales increased tenfold on Friday, the 29th. The number of video games sold—with a discount of nearly 1,000 reais—in a single day exceeded the total sold throughout the entire month of October.
During the pre-Black Friday week, from November 25 to 27, Magalu launched the Black Push campaign, exclusive to the company's app users, with offers ranging from 50% to 80%, sent only through notifications. On the first day, the success was with the sale of 4,000 bottles of Gallo 500ml olive oil in just 15 minutes. The amount was only 9 reais. The next day, customers sold out of 4,000 gallons of OMO 4.2L liquid soap in 4 minutes, which was on promotion for only 10.90 reais.Other surprise discounts included the 32-inch Vizzion Smart TV for only 550 reais, the Corona beer pack for 15 reais, among others.
The company has been offering discounts since the beginning of the month, with “now or never” offers – promotions that last only 24 hours and don’t come back cheaper, payment options in up to 24 installments, exclusive discounts on the app with the “Black Push” campaign and a marketing strategy with names such as influencer and presenter Diogo Defante, CazéTv, socialite and digital influencer Narcisa Tamborindeguy and names on the rise on social media such as Láctea, Priscila Evellyn, Cela and Patrícia Ramos.