CHILE - SACI Falabella has unveiled its USD 3.900 million regional investment plan for the 2018-2021 period. The plan includes projects in logistics infrastructure and systems, as well as store’s expansions and remodeling, which seek to enhance the omnichannel operation and increase efficiency.

At the same time, the company plans to open 108 stores and eight shopping centers. With this investment strategy the Chilean retail giant also seeks to consolidate its presence in the region and deepen its commercial offering through its private labels and exclusive brands.

Falabella in a statement to the press explained the distribution of its planed investments: “Approximately 32% of the plan will be allocated to logistics infrastructure and IT, which will allow the company to gain efficiencies in the procurement process, increase the knowledge of its customers, expand its assortment and improve the service level to provide a consistent experience across all channels. At the same time, 31% of resources will be used to develop the potential of the existing store network through expansions and renovations focused on improving consumer experience, strengthening the positioning of private brands and developing click & collect spaces throughout the stores network. The remaining 37% will be invested in expanding the geographic reach of all our business units with the opening of 108 stores and eight shopping centers, in order to continue consolidating the regional presence.” 

During 2018, the company projects investments for USD 984 million and plans to inaugurate a new distribution center in Chile, 23 stores and three shopping centers in the region.

By year-end 2017, SACI Falabella had 491 stores and 41 shopping centers in the region. During the year, the company opened 17 stores: nine in Chile, five in Peru, two in Brazil and one in Colombia. In terms of format, the company opened nine supermarkets, six home improvement stores and two department stores. SACI Falabella also inaugurated two shopping centers: one in Arequipa, Peru and other in Santiago, Chile. At the same time, two stores were closed, one in Chile and one in Brazil.

With operations in Chile, Peru, Colombia, Argentina, Brazil, Uruguay and Mexico, SACI Falabella operates five business units: department stores, home improvement, supermarket, real estate and financial services. SACI Falabella is also the first retailer in Latin America to be included in the Dow Jones Sustainability World Index (DJSI World), which tracks the leading sustainability-driven companies. Revenues for the last 12 months, as of September 2017, reached USD 13.832 million.