Falabella is a Chilean

multinational company A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, i ...

. It is the largest retail company in Chile followed by

Cencosud Cencosud S.A. is a publicly traded multinational retail company. It's the largest retail company in Chile and the third largest listed retail company in Latin America, competing with the Brazilian Companhia Brasileira de Distribuição and the M ...

and one of the largest in Latin America. It operates its flagship Falabella

department store A department store is a retail establishment offering a wide range of consumer goods in different areas of the store, each area ("department") specializing in a product category. In modern major cities, the department store made a dramatic app ...

s in addition to Mall Plaza

shopping centers A shopping center (American English) or shopping centre (Commonwealth English), also called a shopping complex, shopping arcade, shopping plaza or galleria, is a group of shops built together, sometimes under one roof. The first known collec ...

Tottus Tottus is a chain of Chilean hypermarkets that competes with Wong, Metro and Plaza Vea supermarkets in Peru. Tottus also operates stores in Perú.

hyper & supermarkets, Banco Falabella

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

s, and Sodimac home improvement centers. The company has 491 stores and 42 shopping malls. The stores are divided into 111 department stores branded as Falabella, 251 home improvement stores under the brand Sodimac and 129 supermarkets branded as

Tottus Tottus is a chain of Chilean hypermarkets that competes with Wong, Metro and Plaza Vea supermarkets in Peru. Tottus also operates stores in Perú.

. In Peru the company owned the Saga Falabella, listed in the

Lima Stock Exchange The Lima Stock Exchange ( es, Bolsa de Valores de Lima, BVL) is the stock exchange of Peru, located in the capital Lima. It has several indices. The S&P/BVL Peru General Index (formerly IGBVL) is a value-weighted index that tracks the performance o ...

. It was renamed to Falabella in 2018. Falabella Department Stores division has been a member of the

International Association of Department Stores The International Association of Department Stores (IADS) is a retail trade association founded in 1928 by a group of department stores with the goal of introducing modern management methods derived from the scientific management movement to their ...

since 2009.

Description

The company is a leading Chilean retailer of apparel, accessories and household products distribution through department stores, specialty stores and malls; the company distributes food through hyper and supermarkets. In addition, the company manufactures textile fabrics and offers financial services (issuance of credit cards, insurance brokerage, bank and travel agency) through CMR (credit cards) and through Banco Falabella. The company primarily operates in markets outside of Chile such as Argentina, Peru and Colombia. It is headquartered in

Santiago Santiago (, ; ), also known as Santiago de Chile, is the capital and largest city of Chile as well as one of the largest cities in the Americas. It is the center of Chile's most densely populated region, the Santiago Metropolitan Region, whos ...

History

* 1889: Salvatore Falabella opened his first great tailoring store on Ahumada Street, Santiago, Chile. * 1937: Alberto Solari joined the company, transforming it into an important clothing store. * 1958: Household products were introduced, laying the foundations for the first department store in Chile, and Ahumada Street became known as "Falabella Street". * 1962: The first store outside Santiago was opened in Concepción. * 1980: Falabella launched CMR, its own credit card and the first of its kind in Chile. * 1990: Mallplaza opened its first shopping mall in Chile, Mallplaza Vespucio, in La Florida. * 1993: Falabella entered Argentina and Sodimac entered Colombia. * 1995: Falabella entered Peru by acquiring Saga. * 1996: S.A.C.I. Falabella goes public and its shares begin to trade on the Santiago Stock Exchange. * 1997: Viajes Falabella and Seguros Falabella created. * 1997: S.A.C.I. Falabella formed a partnership with Home Depot in Chile, and acquired it four years later. * 1998: Banco Falabella was formed, by acquiring a license from ING Bank Chile. * 1999: Falabella.com launched internet sales in Chile. * 2002: S.A.C.I. Falabella opened the first Tottus supermarket in Lima, Peru. * 2003: S.A.C.I. Falabella and Sodimac merged, launching the first regional home improvement chain in Latin America. * 2004: S.A.C.I. Falabella acquired the San Francisco supermarket chain in Chile. * 2006: Falabella Retail entered Colombia with its first department store in Bogotá. * 2007: Banco Falabella was launched in Peru. * 2007: Aventura Plaza was launched in Peru. * 2007: Sodimac acquired 60% of the Imperial home improvement chain in Chile. * 2008-09: CMR formed a partnership with Visa in Peru and Chile. Then formed a partnership with MasterCard in Argentina and Colombia in 2011. * 2009: Homy was launched in Chile. * 2011: Banco Falabella was launched in Colombia. * 2012: Mallplaza opened its first shopping mall in Colombia. * 2013: S.A.C.I. Falabella entered Brazil by acquiring 50.1% of the Dicico home improvement chain. * 2013: Móvil Falabella was launched in Chile. * 2014: Sodimac acquired the Maestro home improvement chain in Peru. * 2014: Hiperbodega Precio Uno was launched in Peru * 2015: Sodimac entered Uruguay by opening its first two stores. * 2015: S.A.C.I. Falabella opened its first two Sodimac stores in Brazil. * 2016: S.A.C.I. Falabella was admitted into the Dow Jones Sustainability World Index. * 2016: Separation of Aventura Plaza S.A. in Peru. S.A.C.I. * 2016: S.A.C.I. Falabella and Soriana signed final contracts to jointly develop Home Improvement (Sodimac) and Financial Services (CMR) businesses in Mexico. * 2017: The first Falabella-Soriana credit card was issued in Mexico, and the company acquired 50% of Servicios Financieros Soriana S.A.P.I de C.V.''Annual Report 2017''
fallabella.com, retrieved 8 February 2019 (Spanish) * 2018: in Peru the name "Saga Falabella" was deleted and the denomination changes simply to "Falabella" just like in the other countries. * 2021: Falabella left Argentina.

References

{{Portal bar, Chile, Companies 1889 establishments in Chile Retail companies established in 1889 Retail companies of Chile Falabella (retail store) Companies based in Santiago Chilean brands Companies listed on the Santiago Stock Exchange