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Falabella plans 231 new stores in Latin America, outlines $3.92bn in investments

RBR Staff Writer Published 10 January 2013

Chilean department store chain Falabella outlined a $3.92bn investment plan to launch 231 new stores across Latin America by 2017.

Falabella also plans to increase its shopping mall count to 51 from the current 31, as part of the four-year investments plan laid out.

The proposed stores and malls will be unveiled in the markets of Argentina, Peru, Columbia and Chile.

The retailer currently operates 527 stores in the region that offer apparel, home furnishings, electronics and sporting goods through its physical outlets, e-commerce portal, phone service, catalogues and television marketing.

Falabella also owns a supermarket chain Tottus and home improvement brand Sodimac alongside a portfolio of real estate and financial assets.