The Chilean retailer Falabella announced investments of US$650 million in 2025 on Wednesday, focused on opening stores in several Latin American countries.
Falabella, which is based in Santiago, is in seven countries in South America, China and India. It works in the department stores, home improvement, banking and shopping mall sectors.
“The Company announced an investment plan for US$650 million by 2025, which considers growth through the opening of 15 new Falabella (3), Sodimac (5) and Tottus (7) stores in Chile.Peru and Mexico. Thus, the Falabella Group will invest close to 30% more compared to the US$508 million in 2024,” the company said in a statement.
“Grupo Falabella has the necessary capabilities to improve its profitability and resume growth in each business through a powerful investment plan of US$ 650 million that will allow us to selectively expand in our main markets”highlighted Alejandro González, general manager of the Falabella Group.
The company also stated that it seeks to continue with the trajectoryto improve profitability and debt levels.
In addition, he maintained that Banco Falabella – the group’s financial services branch – wants “increase its loans in Chile, improve profitability in Peru and Colombia, and deepen the financial business in Mexico through new products and services.”
Falabella last month reported net income of US$97 million in the third quarter, its best performance in three years. Revenues for the period were US$3,169 million.
