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Falabella to occupy Former Corona stores in Linares, Angol, and Coyhaique
The recent closures of Corona stores across Chile are leading to a reshuffling of retail spaces, with Falabella poised to take over locations in several key cities. While some former Corona sites are being filled by large-scale discount retailers,falabella has secured leases in Linares,Angol,and Coyhaique,according to El Mercurio.
Falabella’s Expansion Plans
This move is part of Falabella’s broader investment strategy for 2026, which includes a planned expenditure of US$900 million to bolster both its physical and digital infrastructure. Of this total, US$113 million is allocated to opening new stores – five Falabella Retail locations in Chile and Peru, seven Tottus stores in Peru, and five Sodimac stores across Chile and Mexico. An additional US$265 million will be invested in strengthening the group’s technological capabilities, and US$500 million will be dedicated to remodeling and expanding existing stores and shopping centers.
The fate of Former Corona Locations
The closure of Corona, a retailer with a 70-year history in Chile, followed a second reorganization attempt that ultimately proved unsuccessful. The resulting vacancies have, in some instances, been filled by large-format discount stores often offering products manufactured in China. Though, the acquisition of the Linares, Angol, and Coyhaique locations by Falabella demonstrates a different outcome, with a well-established Chilean retailer stepping in to fill the void.
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