Chilean Retail Giant Falabella Reports 9.2% Sales Growth Boosted by Fashion Segment

Falabella continues to grow. The Chilean department store group closed the first half of the year with a 9.2% increase in sales. Although the company’s growth slowed slightly with respect 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 ($6.532 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 ($97.8 billion), more than 50% higher than a year ago.

This good performance has, in turn, translated into an increase in profits for the Latin American conglomerate. At the end of the first six months of the year, the company earned 556,280 million pesos ($576.4 million), more than tripling the figure for the first half of 2024, when profits stood at 173,379 million pesos ($179.68 billion).

Falabella has tripled its profits in the first half of 2024, when it posted earnings of 173.379 billion pesos ($179.68 billion)

Of Falabella’s overall business, fashion, through its retail business and shopping centers, continues to be the main driver. Specifically, through Falabella retail the group posted sales of 1.8 trillion pesos ($1,854 million), up 15.4%, while, thanks to Plaza S.A., the company sold another 316,108 million pesos ($327.5 million), almost 35% more than the previous year.

By country, in its home market, Chile, the group posted an 11.1% increase in sales to 3.4 trillion pesos ($3,187 million). In Peru, Falabella’s performance was also positive, with an increase of 9.8% year-on-year and sales of 1.8 trillion pesos ($1,857.7 million), while in Colombia it declined by 4.6%, with revenues of 424,295 million pesos ($439.7 million).

“Falabella Retail, hand in hand with its multi-specialist strategy, is the retailer leading this increase in business, showing positive results in both stores and ecommerce,“ the group celebrated during the results presentation.