Sodimac sales slump by 15.5 per cent in 2023

Sodimac, the home improvement division of Chilean retail group Falabella, has recorded a 15.5 per cent drop in sales in 2023. This is revealed in the annual report for the fourth quarter. Total sales amounted to CLP 5 879 bn (EUR 5.703 bn).

In Chile, sales fell by 20.0 per cent to CLP 1 365 bn (EUR 1.324 bn). In Peru, sales fell by 17.1 per cent to CLP 703 bn (EUR 682 mio), or -15.8 per cent in local currency. The decline in Colombia was more moderate at -8.9 per cent (local: -4.1 per cent) to CLP 1 124 bn (EUR 1.090 bn). It was highest in Argentina at -29.0 per cent, although sales here (equivalent to CLP 87 bn, EUR 84 mio) rose by 214.8 per cent in the local currency due to inflation. In Brazil, Sodimac achieved sales of CLP 255 bn (EUR 247 mio), a decrease of 8.1 per cent (8.7 per cent in local currency). The DIY division was only able to increase its turnover in Mexico: by 26.2 per cent, or 15.7 per cent in local currency, to CLP 177 bn (EUR 172 mio).