Grupo Falabella has announced its organic growth plan for the 2016-2019 period and shall invest USD 4.038 million in the six countries in Latin America where it has operations.

With this plan the Group seeks to launch measures that increase operational productivity and enhance its regional presence.

Around 44% of these resources will be destined to opening 131 stores and 10 malls. Approximately 26% will be invested in expansions and remodeling of existing malls and stores and the remaining 30% will be invested in logistics and technological infrastructure to reinforce the business units’ growth in every country and obtain improvements in efficiency and productivity.

During 2015 Grupo Falabella closed 459 stores and 40 malls in the region. During the year 23 new stores were opened: nine in Chile, six in Peru and four in Colombia, besides the first two Sodimac stores in Brazil and another two in Uruguay.

The new stores during 2015 were: ten home improvement stores, eight supermarkets, four stores per department and the first Crate & Barrel store in South America. This last store is a retail chain of furniture and home articles from the United States which well-known due to its designs, functionality and quality/prices relation. Falabella will develop this store in Chile, Peru and Colombia.

Having operations in Chile, Peru, Colombia, Argentina, Brazil and Uruguay, Grupo Falabella has five business units: department stores, home supplies, supermarkets, real estate and financial services. The revenues for the past twelve mobile months until September 2015 reached the USD 11.731 million.

Grupo Falabella is one of the largest employers in the region.