Chilean Retail Giant Ripley Sees 5.7% Growth by September, Profits Double

Ripley maintains its momentum through the third quarter. The Chilean department store group closed the January-September period with a turnover of 1.52 trillion pesos ($1.62 billion), an increase of 5.7% compared to the same period of the previous year.

The distribution business (the most important for the group) recorded a 2.7% increase in accumulated sales, to 1.09 trillion pesos ($1.16 billion). The banking segment drove the group’s growth, with a 6.1% increase in sales, up to 394,451 million pesos ($422.9 million), as did the real estate business, where sales rose by 9.3%, to 50,234 million pesos ($53.8 million).

By markets, in the retail business, sales rose in both Chile and Peru, the two countries in which Ripley has a presence. In its local market, sales in the distribution area rose by 4.3%, to 687,524 million pesos ($737 million), while growth in Peru was 6.4%, to 404,244 million pesos ($433.4 million).

Along with the growth, Ripley more than doubled its net profit through the third quarter. Total accumulated net income increased by 134.2% to 34,890 million pesos ($37.4 million), despite the losses recorded in the retail business. In this segment, Ripley lost 12,539 million pesos ($13.4 million), 48.3% less than in the period from January to September 2024.

Ripley increased total sales in its three business areas by 5.7%, to $530.2 million

In the banking business, profit almost doubled to 42,232 million pesos ($45.2 million), and in real estate it rose by 13.5% to 31,731 million pesos ($34 million). In the retail business, gross margin improved 2.3 percentage points, from 26.1% in the first three quarters of 2024 to 28.4% in the same period of 2025.

The Chilean company maintained its momentum in the third quarter: total sales in its three business areas rose 5.7% to 494,541 million pesos ($530.2 million). In retail, turnover rose by 2.7%, while in the banking business the increase reached 12.9% and in real estate, 13.9%.

Despite this, Ripley closed the period by cutting its profit by 39.6%, to 3,777 million pesos ($4 million). “This variation is mainly explained by a higher tax expense during the quarter, given that in the third quarter of 2024 there was a positive non-recurring effect in that line,“ the company notes.

Ripley continued in the third quarter to renew its commercial offer. In fashion, it presented its new own brand Spavaldi, inspired and designed in Italy, which, according to the company, “seeks to redefine contemporary elegance”. “This new brand reinforces Ripley’s strategy of strengthening its portfolio of own brands, providing differentiation and added value in the apparel segment,“ the group notes.

The Chilean company has 45 stores in Chile: 16 in the Santiago Metropolitan Region and 29 in other regions of the country. In Peru, where Ripley began operating in 1997 with one store in the Jockey Plaza shopping center, the group now has 30 stores.

The Chilean group has been managed since 1981 by Lázaro Calderón Volochinsky, son of the company’s co-founder, Alberto Calderón, who, together with his brother Marcelo Calderón, created the company in 1956.