Falabella announces USD4.2 billion investment plan

Source: america-retail.com, Thursday, Jan 10, 2019

Chilean retailer Falabella has announced a USD4.2 billion investment plans for the period of 2019-2022 aimed at continuing the development of its digital and physical ecosystem. From the total investment 37% amounting to USD1.5 billion will be allocated optimization and development of IT and logistics. Through these investments, the retailer plans to improve the personalization of its offer through BI and AI, strengthen cybersecurity and boost the growth of Linio, a regional marketplace acquired in August 2018.  (Spanish language)