Falabella reports historical profit record in 2021
What: Falabella reported profits of USD 772 million in the accumulated fiscal year of 2021 with online sales representing 23%.
Why it is important: Falabella has concluded this increase in sales is due to a better performance of the retail and real estate formats.
On the other hand, in 2021, the company registered an EBITDA of US$ 1,876 million, an increase of 91.2% versus 2020. They also saw a 35% increase in sales for physical stores in 2021 and a 25% increase in online sales.