History
The company was founded by Salvatore Falabella, an Italian Chilean immigrant, in 1889. It was originally a tailor's shop, but today has become the largest retailer in South America. The expansion of the company began in the 1960s, with the first store outside Santiago opened in Concepción. In 1980 Falabella created CMR, a credit card with 5.5 million customers. In the 1990s it began a process of internationalization and expanded its operations to Argentina, Peru (where it traded as Saga Falabella until 2018) and Colombia. Some of the celebrities who have appeared in its ads are Cecilia Bolocco, Valeria Mazza, Juanes, Kate Moss, Gisele Bündchen and Ricky Martin [8] [9] [10]
On May 17, 2007, Falabella agreed to merge with D & S to form the largest retail company in Chile, but a ruling of the Court of Defense of Free Competition on January 31, 2008, rejected the operation, giving as fundamental arguments that the merger would produce a huge change in the market structure, creating a company that would be the dominant player in integrated retail and all its segments and a substantial and lasting decrease in the conditions of competition of the market that would be detrimental to consumers. The same year, Falabella acquired 60% of the largest hardware store in Chile, Imperial.
In 2012, Subtel accepted the request made by Falabella to become a Mobile Virtual Operator inaugurating the service during the first quarter of 2012. In the second quarter of the same year, the chain opened another store in Bogotá, in the Titán Plaza Shopping Center.
In August 2018, it acquired 100% of the Linio Marketplace, [11] in order to accelerate its omnichannel and electronic commerce strategy.
In January 2019, the closing of Linio Ecuador and Panama was announced with the aim of focusing efforts in countries where it has strategic capabilities to improve the value proposition of its market platform.
During 2020, due to the pandemic, Falabella constantly supported the community with the program "Programa Haciendo Escuela", which since 1969 has been contributing comprehensively to the students and families of the schools it sponsors. In April of that year was adapted and “Haciendo Escuela en tu casa” was born, available to all children in Chile with educational content from the Mineduc and also with didactic and recreative material.
In that same month, Falabella Retail, together with Linio and Sodimac, made their websites available to microentrepreneurs affected by the Covid - 19 crisis. The new sellers were not charged sales commission for 3 months. In addition, they have received training to develop skills in the world of e-commerce.
Falabella Retail joined the “Fundación Artesanías de Chile” campaign “United by artisans”. This meant that the foundation was added as a seller, making visible the textile work, wood carving, basketry, pottery and goldsmithing of 2,300 artisans who make up the foundation.
Another example was the launch of Arte Falabella, which aims to democratize art and bring it closer to everyone. In October 2020 Espacio Fotografía was launched, with more than 300 commercially unpublished works by 39 emerging and established artists from Chile. The project was developed together with the Antenna Foundation, the Latin American Art curator, Matías Allende, and the advice of Paz Errázuriz, renowned Chilean photographer and 2017 National Art Award.
Plaza Las Américas is a shopping mall in Hato Rey, San Juan, Puerto Rico, located at the intersection of Routes 18 and 22. "Plaza", as it is known to many Puerto Ricans, was the first indoor shopping mall built in Puerto Rico. It is the largest shopping mall in the Caribbean and the second largest in Latin America. Anchor stores are JCPenney, Macy's, Sears, Sears Brand Central, Forever 21, Old Navy, Caribbean Cinemas and Marshalls. Previously, there was a Kmart store near the mall.
El Corte Inglés S.A., headquartered in Madrid, is the biggest department store group in Europe and ranks third worldwide. Its primary source of sales is from department stores, followed by internet sales. It is a family business, with most stock being held by relatives of the deceased businessmen Ramon Areces Rodriguez and César Rodríguez González (1882-1966), and the Ramon Areces foundation.
Organización Soriana is a Mexican public company and a major retailer in Mexico with more than 824 stores. Soriana is a grocery and department store retail chain headquartered in Monterrey, Nuevo Leon, Mexico. The company is 100% capitalized in Mexico and has been publicly traded on the Mexican stock exchange, since 1987 under the symbol: "Soriana".
Oxxo is a Mexican chain of convenience stores and gas stations, with over 21,000 stores across Latin America, as well as in the United States and parts of Europe. It is the largest chain of convenience stores in Latin America. Its headquarters are in Monterrey, Nuevo León.
Distribuidora Internacional de Alimentación, S.A. (DIA) is a Spanish multinational hard-discount supermarket chain founded in 1979. DIA is the largest franchiser company in Spain and the fourth largest food sector franchiser in Europe. The company operates under DIA brand in Spain, Argentina and Brazil and under Minipreço brand in Portugal. It has also operates 1.051 Clarel beauty stores in Spain.
París, formerly known as Almacenes París, is a chain of department stores in Chile, owned by multinational Cencosud. It was a member of the International Association of Department Stores from 2000 to 2005.
Parque Arauco is the third largest Chilean shopping malls company, after Cencosud's malls division and Mall Plaza the S.A.C.I. Falabella shopping malls subsidiary. It is headquartered in Santiago. The company manages shopping malls in Chile, Peru and Colombia. It has 24 shopping malls with a total of GLA 672,700 square meters.
Telepizza is a Spanish multinational pizza restaurant chain. As of 2017 it is the largest pizza chain not originating in North America by number of stores.
Tendam is a Spanish fashion retailer. Tendam is present in 79 countries with 1,462 directly operated stores and 594 franchises, a total of 2,056 points of sale.
Plaza Carolina is an enclosed shopping mall located in Carolina, Puerto Rico. Anchored by JCPenney, TJ Maxx, Caribbean Cinemas, Burlington and Forever 21, it features 161 stores, making it the second largest mall in Puerto Rico and the Caribbean. The mall has a food court in its second floor and several offices in its third floor.
Falabella is a Chilean multinational company. It is the largest retail company in Chile followed by Cencosud and one of the largest in Latin America. It operates its flagship Falabella department stores in addition to Mall Plaza shopping centers, Tottus hyper & supermarkets, Banco Falabella banks, 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. In Peru the company owned the Saga Falabella, listed in the Lima Stock Exchange. It was renamed to Falabella in 2018.
La Polar is the fourth largest retail company in Chile, behind Falabella, Paris S.A and Ripley S.A.
Grupo Éxito is a South American retail company. It operates 2,606 stores in South America. The stores sell a wide range of food and non food products. Though originally a textiles maker and seller recent acquisitions have further diversified the business making it a major grocer. At its hypermarkets it sells both packaged foods and perishables in addition to department store type products ranging from electronics to furniture.
Tottus is a chain of supermarkets and hypermarkets owned by the Chilean retail company S.A.C.I. Falabella, with a presence in both Peru and Chile. As of 2019, Tottus had 157 locations; 89 in Peru and 70 in Chile.
Mallplaza is a Chilean chain of malls operated in South America by Falabella.
Banco Falabella is a Chilean bank. Founded in 1998, It is headquartered in Las Condes, Chile. It is a subsidiary of S.A.C.I. Falabella and has branches in Chile, Peru, and Colombia.
Linio is one of the leading marketplaces in Latin America, with presence in five countries and offering more than four million products.
Muricy was a chain of department stores of Brazilian origin founded in 1976 and dissolved in 1998. In Chile it had operations between 1981 and 1990.
Gala-Sears was the subsidiary of Sears Roebuck in Chile, which formally began operations on April 2, 1982, the day after the opening of Mall Parque Arauco. It was one of the first international commercial ventures that retired from the country after few years of failures and economic losses.
