Falabella announces closure of its last 3 stores in Argentina

news April 2021 Fashion United, Punto Biz

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.

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