Falabella Sets Sights on $800 Million Pre-Pandemic Investment Milestone by 2026

Falabella brings the Covid era to an end. The Latin American department store conglomerate has announced its plan to invest close to $800 million by 2026, returning to pre-pandemic levels, and focusing on developing the online market in Peru, Colombia, Chile and Mexico.

Prior to March 2020, the company was investing between $800 million and $900 million a year, but after the pandemic crisis, it cut the budget in half. For the current fiscal year, the plan was increased again, up to 650 million dollars, projecting a return to pre-pandemic investments by next year.

The Chilean group will focus its investments on the online markets of Chile, Colombia and Peru, where it has a partner, Tottus, one of the country’s largest supermarket chains. It will also make a strong entry into Mexican commerce, through Soriana, one of the main supermarket chains in Mexico, with the aim of covering both physical and online.

Falabella closed the first half of the year with a 50% increase in gross operating profit compared to 2024

Falabella had been in the red since 2023, when its net income plummeted, registering an 8.5% drop in turnover. The company’s net profit fell to 60,641 million Chilean pesos ($62.6 million), 64% less than the previous year.

The company closed the first half of the current fiscal year with a 9.2% increase in sales. Despite the company’s slightly slower growth compared to the first quarter, the good performance of its business is fueled by the rise of fashion in its income statement.

Through Falabella’s businesses as a whole, which also include financial services, the Chilean group has accumulated a turnover of 6.3 trillion Chilean pesos ($6.55 billion), 9.2% more than in the same period of 2024. Falabella’s gross operating profit (ebitda) also soared during the period to 943.86 billion Chilean pesos ($97.7 million), more than 50% higher than a year ago.