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Falabella loses DIY sales in Chile

The Chilean retail group Falabella also feels the effects of the currency turbulences in South America on its home improvement business. In the second quarter, the DIY division made sales of CLP 952.074 bn (EUR 1,209 bn), i.e. only 0.8 per cent more than in the same quarter last year. On their home market in Chile, division sales declined by 3.5 per cent to CLP 529.457 bn (EUR 672 mio), same store sales by 4.2 per cent.

Figures from Argentina appear drastic: -16.2 per cent with sales of CLP 27.784 bn (EUR 35 mio). There was a plus of 37.3 per cent in local currency, for which the high rate of inflation is primarily responsible, and an increase in same store sales of 13.5 per cent.

In Brazil, the group raised its home improvement sales by 18.1 per cent (in local currency: 16.8 per cent; same store sales 18.2 per cent) to CLP 48.176 bn (EUR 61 mio). The company attributes growth to factors such as better sales in the remodelled Sodimac Dicico stores.

Sales in Colombia, the second largest market for the DIY division, grew by 5.9 per cent to CLP 191.126 bn (EUR 243 mio; in local currency: 10.8 per cent; same store sales 8.1 per cent). There was a plus of 10.1 per cent to CLP 155.531 bn (EUR 198 mio; in local currency: 1.8 per cent; same store sales 3.4 per cent) in Peru.

|16 September 2019


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