CHILE - The Falabella Group announced investments of US$ 4,100 million for the period 2014-2017, amount allocated to increase its regional coverage and strengthen its logistics and technological operations.

Of the investment plan, 63%, amounting to US$ 2,583 million will be for the opening of 157 new stores and 15 shopping centers in the five countries where the Falabella Group operates (Chile, Peru, Colombia, Brazil and Argentina), to which Uruguay will be added in 2014.

Falabella Group also plans to strengthen its technology platform allocating 23% of the total planned investment, about US$ 943 million, to its online sales channel. In that regard, Falabella Group Corporate General Manager, Sandro Solari, stated, "Particularly focus will be put on strengthening logistics operations and technology platforms to meet the growing demand for online transactions." The remainder of the investment plan, around US$550 million, will go to store remodeling’s and expansions.