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Chilean retailer S.A.C.I. Falabella generated a revenue of nearly *** trillion Chilean pesos in 2023, marking a slight decrease from the previous year. The company has seen an overall increase in revenue over the time period recorded.

An overview of S.A.C.I. Falabella

Headquartered in the Chilean capital of Santiago, S.A.C.I. Falabella operates a diverse range of businesses ranging from retail to financial services and real estate, with a significant footprint in Latin America. The company’s portfolio includes home improvement business Sodimac, supermarket chain Tottus, and its eponymous Falabella department store chain, which is the largest department store in the region. The company also reached a franchise agreement with IKEA in 2018, which kick-started the introduction of the Swedish furniture retailer’s presence in Latin America.
In 2023, Falabella recorded a net profit of approximately ** billion Chilean pesos and had over * people under its employment. The majority of these employees were part of the company’s home improvement sector, which employed over * people that year, while operating a total of 261 Sodimac home improvement stores across Latin America. The largest share of stores was located in Chile, with Peru and Brazil following in second and third place, respectively.

Chile’s furniture market

Chile’s furniture market recorded an estimated revenue of **** billion U.S. dollars in 2023, a figure that is expected to follow an upwards trend and reach over *** billion U.S. dollars in the next half-decade. While not exactly known for its furniture and home improvement industry – with metals and agricultural products featuring among its main exports – the South American country is ripe for opportunity. The Swedish furniture giant IKEA, which operates just stores in South America, officially broke into the region in 2022 with its very first store located right in Santiago de Chile.