Sodimac sales down 12 per cent in third quarter

Sodimac, the home improvement division of Chilean retail group Falabella, turned over USD 1.024 bn (EUR 990 mio) in the third quarter, 11.9 per cent less than in the same period last year. The biggest quarter-on-quarter decline was in Chile, where sales fell by 20.4 per cent to USD 677 mio (EUR 655 mio). In Colombia, on the other hand, sales increased by 16.4 per cent to USD 332 mio (EUR 321 mio, up by 9.9 per cent in local currency), while sales in Peru rose by 8.9 per cent to USD 227 mio  (EUR 219 mio, -12.8 per cent in local currency). The company also reported figures for Brazil (up 9.7 per cent to USD 77 mio/EUR 74 mio, locally -8.3 per cent) and Argentina (up 27.9 per cent to USD 43 mio/EUR 42 mio, locally 114.1 per cent). Sales in Uruguay and Mexico are not reported, and the figures from Colombia are not included in the total sales.