Next year the company will aim for growth through the opening of 15 new Falabella (3), Sodimac (5) and Tottus (7) stores in Chile, Peru and Mexico.
As part of its Investor Day, Grupo Falabella announced a US$650 million investment plan for 2025 that will seek to capitalize on growth opportunities in its five business units: Sodimac, Falabella Retail, Tottus, Banco Falabella and Mallplaza.
In this context, the company stated that next year it will focus on growth through the opening of 15 new Falabella (3), Sodimac (5) and Tottus (7) stores in Chile, Peru and Mexico. Likewise, the Falabella Group will invest around 30% more than the US$ 508 million in 2024.
The main focuses of this plan are the transformation and expansion of stores and shopping centers (US$ 359 million), new openings (US$ 99 million), and strengthening the group's technological capabilities (US$ 166 million). In addition, the company said it seeks to continue on the path of improving profitability and debt levels, as a result of the acceleration in the implementation of the strategy.
“Thanks to a strategy focused on finding efficiencies, simplifying our operations and seeking to provide the best customer service, today 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,” said Alejandro González, general manager of Grupo Falabella.
Business plans
The company revealed some of the general plans it has for each business unit. In the case of retailers , the objective at Sodimac is to continue expanding in Mexico and continue to recover profitability in Chile, in the context in which the construction sector has been challenged; Falabella Retail will accelerate the 3P ( third party or sellers ) growth of ecommerce and consolidate itself as a specialist in the best brands in fashion and footwear, beauty, electronics and decoration; and Tottus will continue to expand its physical presence in Peru and improve its value proposition in Chile.
In the area of financial services, Banco Falabella's priorities are to increase its loans in Chile, improve profitability in Peru and Colombia, and deepen its financial business in Mexico through new products and services; while in real estate, Mallplaza will focus on consolidating its position in Peru - following the transfer of shopping centers recently carried out by Falabella - and continue growing through the expansion and transformation of its shopping centers in the region.
