Falabella posts net loss of USD 26 million in Q3
What: Chilean retailer Falabella posted its third-quarter report showing a net loss of 24.87 billion pesos (25.7million dollars) compared to its 183-billion-peso profit in 2021.
Why it is important: Hit by a decrease in margins and an increase in expenses, Falabella reported a net loss of 25.7 billion dollars despite its net revenue growing 2.4% (2.97 trillion pesos).
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