We use first party and third-party Cookies to help us understand Website usage and to improve the content and offerings and to provide you advertising, analytics and other purposes related to your navigation habits. If you continue scrolling, we consider you accept the policy. You can read more about our cookie policy.

The global fashion business journal

Feb 24, 202010:19pm

Chilean Falabella slowsdown in the first half: sales up 2.4% but profits plummet

The Chilean department store giant closed its first half with a revenue of 233.9 million dollars.

Aug 28, 2019 — 8:57am
Related topics

Chilean Falabella slowsdown in the first half: sales up 2.4% but profits plummet



Falabella closes another period in double speed. The biggest department store group in Latin America ended the first half of its fiscal year with sales on the rise but its net benefit on the low.


Between January and June, Falabella scored a revenue of 233.9 million dollars, 30% less than the same period last year. The ebitda of the group dropped 1.1%, up to 825 million dollars.


Sales of the Chilean giant, on the other hand, arrived at 6.3 billion dollars, a rise of 2.4% compared to the same period last year. Despite the turn up, Falabella lowered its growth during the second quarter, with an increase of 1.9% in its sales between April and June, compared to the 2.5% rise in the first quarter of its fiscal.





The company stated that the weak performance is because of the currency exchange. In the first half, the Chilean department store giant increased its sales in almost every international market, except for Argentina, where its revenue dropped 18.7%.


In Brazil, the company grew 18.1% during second quarter and in Peru and Colombia the group increased 7.9% its sales. Falabella continued to reinforce its omnichannel strategy. During the period, the group added a click&collect service in some of its stores, that allows clients to pick up its online orders in seconds through a QR code. At the end it first half, Falabella counted with 65 click&collect centers in its Chilean and Peruvian stores.

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment