Falabella is a Chilean department store retailer owned by the Falabella company

Locations and products

Falabella department stores can be found in Argentina

Argentina

Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...

, Chile

Chile

Chile ,officially the Republic of Chile , is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far...

, Colombia

Colombia

Colombia, officially the Republic of Colombia , is a unitary constitutional republic comprising thirty-two departments. The country is located in northwestern South America, bordered to the east by Venezuela and Brazil; to the south by Ecuador and Peru; to the north by the Caribbean Sea; to the...

 and Peru

Peru

Peru , officially the Republic of Peru , is a country in western South America. It is bordered on the north by Ecuador and Colombia, on the east by Brazil, on the southeast by Bolivia, on the south by Chile, and on the west by the Pacific Ocean....

. Falabella Department stores sell a wide variety of merchandise including apparel, home furnishings, electronics and sporting goods. Falabella is a multi-channel retailer selling by web, phone, catalog, and television.

There are as of 2010 39 locations in Chile, 15 in Peru, 10 in Argentina, and 9 in Colombia.

History and operations

The company was founded by Salvatore Falabella a Italian Chilean immigrant, in 1889. In its original form, it was a tailor shop but today has become one of the largest retailers in South America. Through organic growth and mergers, the company has added a number of additional businesses. In the early 1980s, Falabella created CMR, a private credit card. The financial division of the company also includes retail bank Banco de Falabella

Banco de Falabella

-History:The bank was formed in 1910 as a company bank by Falabella Department Stores of the Falabella Company It operates 71 locations in South America in Chile, Peru, Colombia, and Argentina. There are 4.3 million account holders.-External links:*...

 with branches in Chile and Peru, a travel agency and insurance reseller found in all 4 countries where Falabella has department stores.
In the late 1990s, Falabella created a joint venture with Home Depot to expand into Chile. It was later bought out by Falabella. Homecenter later merged with Sodimac to create the largest big box home improvement retailer in South America with stores in all 4 countries.

Falabella also operates supermarkets under the Tottus

Tottus

Tottus is a chain of Chilean supermarkets, that competes with Líder, Jumbo, and Santa Isabel supermarkets.-History:The company was established in Peru in 2002, and was acquired by Chilean retailer Falabella in 2004. The company has 26 locations with over a dozen in the Santiago Metropolitan Area...

and San Francisco brands in Chile and Peru. In 2010 the company began an aggressive expansion program to increase its presence in the 4 countries that it operates with 40 new locations of all its brands including malls, power centers, strip malls all to be anchored by Fallabella Department stores.