Chile-based retail group Falabella, is to invest over half a billion dollars with grocery retailer Soriana to open do-it-yourself stores in Mexico in the next five years. The Sodimac store format is already present in Peru, Argentina, Uruguay, Colombia, and Brazil. Soriana is Mexico's second-largest grocer and is planning to open 20 DIY stores. The main competition will be US-based chains Home Depot and Lowe's with 115 and 10 stores respectively.