Falabella Expands in Latin America with New Megastienda, US$ 11.5 Million Investment

2023-08-23 17:03:46

Falabella continues its expansion in Latin America and will now open a megatienda whose investment is US$ 11.5 million.

Saga Falabella prepares a new store in a Latin American country. That’s how it will look.

Falabella continues its conquest of Latin America as part of its expansion strategyas it is preparing to inaugurate a new shop by departments. The fashion giant announced the start of the first remodeling works in the Urban Space Mall 15 North of Viña del Mar, in Chile, where a large store will be inaugurated.

This strategy underscores the company’s commitment to innovation and creating an exceptional experience for customers who find themselves in an ever-evolving retail environment.

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You will be able to see inside the note:

What are the characteristics of this new center? Viña del Mar Mall, a strategic area

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What are the characteristics of this new center?

This new center will cover 9,000 square meters and its inauguration is projected for the year 2025, which would entail a significant investment of US$ 11.5 million.

It is important to point out that the Mall Urban Space 15 North It occupies a strategic position in a prominent commercial center of the city, located opposite the Mall Marina, where Paris and Ripley, Falabella’s direct competitors, are anchor operators.

According to statements by Tomás Platovsky, general manager of Falabella Retail Chile mentions that: “this project reflects our commitment to place customers at the heart of our decisions and thus satisfy their needs. With this recent store, we aspire to enrich and contribute to the development of a strategic commercial and tourist pole in Viña del Mar”.

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Viña del Mar Mall, a strategic area

The incorporation of Falabella Retail to the company that owns the Urban Space Shopping Centers, represents a valuable contribution to a project that encompasses a wide range of entertainment options in a strategic location in Viña del Mar.

In this regard, the general manager of the company, Christian Abello, mentions that “it is very gratifying to develop a new shopping center, focused on experience and that includes an innovative concept of entertainment and free time.”

This new space contemplates the construction of an outdoor area with games, food trucks; a boulevard of restaurants and a renovated food court.

Likewise, it will have a Workshop F that will allow customizing and transforming garments, together with digital kiosks, the Scan and Pay payment system and automated machines for the Click&Collect service.

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