PERU – With the inauguration on August 18 of the store located in the Civic Center district of Lima, Peru, Falabella completes 100 department stores in Latin America. 

The new store has a sales space of 6,920 m2 and entailed an investment of USD 7 million. With this store, Falabella’s department stores now total over 640,000 m2 of sales area in the region.

Gonzalo Somoza, Corporate CEO of Falabella Retail, stated that this new store opening marks a historic milestone in the international expansion of the Company. “The inauguration of our 100th store in the region is the product of a successful international expansion process, which has allowed us to serve over 13 million Chilean, Peruvian, Argentine and Colombian customers, with all of their similarities and differences. The key has been to always put the customer at the center of our decisions.”

Falabella Retail belongs to the Falabella Group and has operations in Chile, Argentina, Peru and Colombia. With this opening, Falabella has 26 department stores in Peru and adds 350 new employees to its team. The new store was built with sustainability practices and is applying for LEED certification with the U.S. Green Building Council.

The Falabella Group has operations in Chile, Argentina, Brazil, Colombia, Peru and Uruguay and operates five business divisions: department stores, home improvement, supermarkets, shopping centers and financial services. The Company reported USD 12.5 billion in revenue in 2014.