Saturday , January 23 2021

Pallabela's Profit Decline – Diario Financiero



Sales up to September amounted to $ 6,121,405 million, a 3.8% increase over the third quarter of 2017.

For the first nine months of this year, the profits of Palabella fell to $ 31.78 billion, down 3.3 percent from the same period last year.

Sales up to September amounted to $ 6,121,405 million, a 3.8% increase over the third quarter of 2017.

The company also announced online sales of its retail business rose 22.1 percent to $ 185 million during the third quarter on its online channel.

Internet sales accounted for an average of 7% of the total retail sector in all countries where the company operates. On the other hand, during the quarter, Linio's volume of trading (NMV, abbreviated in English) amounted to $ 32 million.

Gaston Bottazzini, general manager of SACI Falabella, said, "We have been building digital and physical ecosystems for the third quarter to integrate Falabella as one of the leading e-commerce companies in Latin America. Crossing across diverse business units such as market performance payment platforms Strengthen your skills, leverage unrivaled competencies and broaden your offerings to customers. "


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