Falabella announces closure of its last 3 stores in Argentina
What: The Chilean fashion retail group Falabella has confirmed that it will close the doors of all its physical establishments in Argentina.
Why is it important: Industry experts approve the move, key in Falabella’s omni-channel strategy.
In September 2020, Falabella revealed their intention to sell all operations in Argentina and reported they were searching for a strategic partner.
Last February, Falabella decided to close its stores in Mendoza, Cordoba and San Juan. E-commerce operations will continue.