Falling sales of the Chilean retailer Saga Falabella in the Peruvian market

Falling sales of the Chilean retailer Saga Falabella in the Peruvian market

Description: what is saga Fallabella

Saga Falabella Falabella is part of one of the largest and most established companies in Latin America that conducts business through various business areas. The main ones are the department store, department stores, home improvement and construction, supermarkets, bank, travel and insurance.

The department store is, today, the largest in South America with more than 65,000 employees in Chile, Argentina, Colombia and Peru.

Mission: Create an innovative offer of good quality products and services, with convenient prices and tailor made solutions for every market
where we are, for the people and their homes, in each part of their life cycles, being leaders with a sustainable development.

Vision: Contribute to improve quality of life for our clients in each of the communities in which we develop ourselves.

Values:

Honesty
The sincerity and truth will be a distinctive stamp of all our relations.

Vocation of service
Give the best service to our clients and exceed their expectations. Good service and respect for people is the basis of our actions and the driver to become a successful company. We take our roles with a clear focus on helping others, whether they are customers or colleagues.

Initiative
They do our work because we know it and they love it; and do not wait to be instructed or sent to do so. They contribute with our own ideas, which are always well received by the Company.

Commitment
They feel what happens in our company as their own.
They make it ours and we assume it, knowing that each personal task will contribute to a better performance and development. Their management style is characterized by soberness and efficiency in the employment of resources, and relies on the accurate performance of duty.

Team Work
All these values are possible because They are a great team, carrying out our duties in the belief that superior results are the fruit of a joint effort.

Respect
They have a permanent attitude of respect for our colleagues, collaborators, customers and suppliers.

History:

The Falabella Group is one of the most important holdings dedicated to Latin American retail. With a presence in Peru, Chile, Argentina, Colombia, Brazil, and recently Uruguay, it develops mainly formats department stores, supermarkets, shopping for home improvement, also dabbling in the real estate segment through the construction, management and leasing of commercial spaces.

It also participates in other businesses that support its core business: retail financial (Banco Falabella, insurance brokers, CMR) and manufacture of textiles (Tavesa).

1889: Salvatore Falabella opens the first large tailor shop in Chile.

1937: Alberto Solari joins the Company.

1958: Falabella becomes a Departament store.

1980: Falabella launches its own credit card, CMR.

1990: Falabella iniciates the development Shopping centers with the 50% of the ownership of Plaza Vespucio.

1993: First opening in Argentina.

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