Falabella supports Ikea’s opening in Chile
What: the first south Latin American Ikea store will open in Santiago de Chile in March 2022
Why is it important: the entry of the Swedish furniture retailer under a franchise agreement with Chilean giant retailer Falabella. The launch is part of Falabella’s investment plan, from which 44% will be allocated to the development of the store network
Falabella will open the first store of the European furniture and decoration company in Santiago de Chile in March 2022. Further openings are scheduled in Chile in August 2022 and in Colombia (Bogota) in the first half of 2023. Ikea will also launch its e-commerce platform in Chile in 2022, and in Colombia and Peru in 2023.
The Ikea project is part of Falabella’s 2021 USD 796 million investment plan. 44% of this investment will be mainly used to develop Ikea in the mentioned countries as well as to remodel shopping center and to support the opening of 19 Falabella stores by the end of 2021 (including the expansion of Tottus in Peru and the opening of Sodimac in Mexico).
56% of 2021 investment plan will be allocated to technology and logistics. Falabella also recently shared its investment plan for 2020-2023.