Falabella Announces $508 Million Investment Plan for 2024
Chilean retailer, Falabella, has unveiled its investment plan for 2024, with a significant portion of the $508 million budget allocated to store openings and renovations, as well as e-commerce and digital banking and logistics. The planned spending is a 24% reduction from the previous year as the company aims to strengthen its finances and improve profitability. Interim CEO, Alejandro Gonzalez, emphasized the importance of these investments in achieving the company’s goals.
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