CHILE – On January 5th the Falabella Group announced their USD 4,363 million investment plan for the 2015-2018 period. The Chilean Group that operates in six countries of the region: Chile, Argentina, Brazil, Colombia, Peru and Uruguay; has five business units: department stores, home improvement, supermarkets, real estate and financial services. Approximately 53% of the investment, USD 2,298 million, will be allocated to the opening of 140 new stores and 11 new malls.

26% of the investment plan, USD 1,150 million, will go towards strengthening the logistics and technological capacity of the Group and 21%, USD 915 million over the next four years, will be spent on the renovation / expansion of existing stores and malls.

The corporate CEO of the Falabella Group, Sandro Solari, noted that “this translates into investments in existing and new points of sales, but also in logistics and technology platforms which will allow us to better serve our customers and take advantage of the opportunities the ecommerce expansion brings us. In fact, we had already announced last year an investment in logistics and IT, which in the 2015-2018 plan we increased to USD 1,150 million, focusing on improving efficiencies in the company. We are very cautious with the evolution of each market, as well as to the changes and realities of each country, and the opportunities that may arise in the current economic environment.”

In 2014 the Falabella Group added 61 stores to its regional network to complete a total of 440 stores by the year’s end. Of these, 30 shops correspond to the acquisition of Peruvian home improvement chain Maestro. The remaining 31 shops correspond to 14 inaugurations in Peru, 9 in Chile, 5 in Colombia, 2 in Brazil and 1 in Argentina, among which 14 are supermarkets, 9 home improvement stores and 8 department stores. During 2014 the Group opened one mall, Mall Plaza Copiapo in Chile, with which it completed 38 in the region.