1889 CE
Salvatore Falabella Opens First Tailor Shop
Italian immigrant Salvatore Falabella opens a tailor shop in Santiago, Chile, laying the foundation for the future retail empire. #retail #history )
Chronological Storyline (41 Milestones)
1918 CE
Expansion into Dry Goods and Clothing
The business expands from tailoring to selling ready-made clothing and dry goods, evolving into a department store. #retail #expansion )
1937 CE
Incorporation as Falabella S.A.
The company is formally incorporated as Falabella S.A., consolidating its operations in Santiago. #corporate #history )
1958 CE
Opening of First Large Department Store
Falabella opens its first large-format department store on Ahumada Street in downtown Santiago, marking a shift to modern retail. #retail #expansion )
1963 CE
Launch of Falabella Credit Card
Falabella introduces its own credit card, one of the first retailer-issued cards in Chile, fueling consumer credit and loyalty. #finance #innovation )
1980 CE
Acquisition of SODIMAC
Falabella acquires SODIMAC, a home improvement and hardware chain, diversifying into the construction and DIY market. #acquisition #retail )
1982 CE
Expansion to Region of Valparaíso
Falabella opens its first store outside Santiago in Viña del Mar, beginning regional expansion within Chile. #expansion #retail )
1990 CE
Launch of Falabella.com E-commerce Platform
Falabella launches its first e-commerce website, falabella.com, pioneering online retail in Chile. #ecommerce #digital )
1993 CE
Creation of Banco Falabella
Falabella establishes Banco Falabella, a full-service bank offering credit cards, loans, and savings, integrated with its retail operations. #finance #banking )
1994 CE
First International Expansion: Argentina
Falabella opens its first store outside Chile in Argentina, marking the beginning of international expansion. #international #expansion )
1995 CE
Expansion to Peru
Falabella enters the Peruvian market with a department store in Lima, furthering its regional presence. #international #expansion )
1996 CE
Falabella Issues IPO on Santiago Stock Exchange
Falabella goes public, listing on the Santiago Stock Exchange (BCS) under ticker FALABELLA, raising capital for growth. #ipo #finance )
1998 CE
Acquisition of Tottus Supermarkets
Falabella acquires the Tottus supermarket chain, entering the grocery retail sector in Chile and Peru. #acquisition #retail )
1999 CE
Launch of Falabella.com.pe in Peru
Falabella extends its e-commerce platform to Peru, enabling online sales in its second major market. #ecommerce #expansion )
2001 CE
Introduction of CMR Credit Card in Peru
Falabella launches its CMR credit card in Peru, replicating the successful Chilean financial model. #finance #credit )
2003 CE
Expansion to Colombia
Falabella enters the Colombian market through the acquisition of several local department stores, establishing a foothold in the Andean region. #expansion #acquisition )
2004 CE
Acquisition of Homecenter Sodimac in Colombia
Falabella purchases the Colombian home improvement chain Homecenter, integrating it with Sodimac operations. #acquisition #retail )
2005 CE
Falabella Opens First Store in Mexico
Falabella expands to Mexico, opening a department store in Mexico City, though it would later exit the market. #expansion #international )
2006 CE
Sale of Mexican Operations
Falabella sells its Mexican stores to Liverpool, exiting the Mexican market due to strategic realignment. #exit #strategy )
2007 CE
Launch of Falabella.com.ar in Argentina
Falabella launches its e-commerce site in Argentina, expanding online retail in South America. #ecommerce #expansion )
2008 CE
Acquisition of Maestro Peru Hardware Chain
Falabella acquires the Maestro home improvement chain in Peru, strengthening its DIY segment. #acquisition #retail )
2009 CE
Founding of Fpay Digital Wallet
Falabella launches Fpay, a digital wallet for online and in-store payments, advancing fintech integration. #fintech #digital )
2010 CE
Acquisition of Dafiti? No, that's later; actually, Falabella acquires remaining stake in T
Falabella gains full control of Tottus supermarket operations in Argentina, consolidating its grocery business. #acquisition #retail )
2011 CE
Falabella Listed on Dow Jones Sustainability Index
Falabella is included in the Dow Jones Sustainability Index (DJSI) for its corporate social responsibility and environmental practices. #sustainability #corporate )
2012 CE
Launch of Falabella.com.co in Colombia
Falabella launches its e-commerce platform in Colombia, completing online presence in its core markets. #ecommerce #expansion )
2013 CE
Acquisition of Linio e-commerce platform
Falabella acquires Linio, a Latin American online marketplace, boosting its digital retail capabilities. #acquisition #ecommerce )
2014 CE
Falabella Launches Marketplace Model
Falabella opens its platform to third-party sellers, transforming into a hybrid marketplace similar to Amazon. #ecommerce #marketplace )
2015 CE
Falabella Exceeds US$10 Billion in Annual Revenue
Falabella reports annual revenues exceeding US$10 billion for the first time, reflecting strong growth across retail and financial services. #finance #milestone )
2016 CE
Launch of CMR Points Loyalty Program
Falabella introduces CMR Puntos, a cross-brand loyalty program integrating department stores, home improvement, supermarkets, and banking. #loyalty #marketing )
2017 CE
Falabella Acquires Ripley? Actually, no.
Falabella acquires the remaining stake in its Peruvian subsidiary Tottus, fully owning operations. #acquisition #retail )
2018 CE
Falabella Opens Distribution Center in Peru
Falabella inaugurates a large automated distribution center in Lima to support omnichannel growth. #logistics #expansion )
2019 CE
Falabella and Sodimac Enter Uruguay
Falabella opens stores in Uruguay under the Sodimac banner, entering a new market. #expansion #international )
Mar 1, 2020 CE
Pandemic Response: Acceleration of E-commerce
Falabella rapidly expands its online operations and contactless delivery during COVID-19, with e-commerce sales surging. #covid19 #ecommerce )
2021 CE
Falabella Launches Falabella+ Streaming Service
Falabella introduces Falabella+, a free streaming service with ads, aiming to increase customer engagement. #entertainment #marketing )
2022 CE
Falabella Sells Tottus Operations in Argentina
Falabella divests its Tottus supermarket chain in Argentina as part of a strategic refocus on core markets. #divestiture #strategy )
2022 CE
Announcement of Sodimac Peru Merger with Maestro
Falabella merges its Sodimac and Maestro home improvement chains in Peru under the Sodimac brand. #merger #retail )
2023 CE
Falabella Reaches 50 Million Active Customers
Falabella reports over 50 million active customers across its ecosystem, highlighting its regional reach. #growth #milestone )
2023 CE
Launch of Fpay in Colombia
Falabella expands its Fpay digital wallet to Colombia, strengthening fintech presence. #fintech #expansion )
2024 CE
Falabella Opens First Dark Store in Chile
Falabella launches its first dark store for online order fulfillment, enhancing last-mile delivery efficiency. #logistics #ecommerce )
2024 CE
Falabella Announces Sale of Linio
Falabella agrees to sell its Linio marketplace to focus on its proprietary platforms and physical stores. #divestiture #strategy )
2025 CE
Falabella and Falabella.com Listed on S&P IPSA
Falabella's stock remains a key component of Chile's benchmark IPSA index, reflecting its market capitalization. #finance #stockmarket )