According to statements by Francisco Irarrázavalretail director of the Chilean giant since 2021, the closure of between 5% and 10% of their locations in Peru, Colombia and Chile.
However, everything has a reason. The manager explained in a meeting with investors that the measure would be examined for “improve your profitability”.
“This move is part of the constant reassessment of the company’s profitability, based on consumer needs,” said Irarrázaval.
He added that this is not a final decision and that the specific situation in each of the countries is currently being evaluated. In addition, he insisted that it is about selling, but about moving, so that the staff of the stores that might close would move to others in the area.
The company of Chilean origin opened five new branches in the past semester: a Chile, Colombia and Mexico, and two in Peru. On Peruvian territory, Falabella has the largest number of stores with 87, followed by Chile with 85.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
