Retail in Chile Market Players Analysis¶
Products and Services¶
Here is a detailed analysis of the top 10 market players in the Chilean retail industry based on the provided data, outlining their main products and services and available information on their performance in terms of volume and revenue in 2024.
Cencosud S.A. Cencosud is a major South American retail conglomerate with extensive operations in Chile. Its core business segments include Supermarkets (operating under the Jumbo and Santa Isabel brands), Department Stores (Paris), and Home Improvement stores (Easy). The company has been strategically focused on digital transformation, logistics improvements, and developing an integrated retail ecosystem. Cencosud reported strong performance in 2024, with consolidated revenues reaching CLP 16,493,815 million, marking a significant 15.9% increase compared to the previous year. This growth indicates positive momentum across its various retail formats.
Falabella S.A. Falabella is another leading multi-segment retailer in Chile and Latin America. Its main operations in Chile encompass Falabella department stores, Sodimac for home improvement, Tottus supermarkets, and Banco Falabella for financial services. The company's strategy has centered on enhancing its omnichannel capabilities, boosting efficiency, and refining its physical store network. Falabella reported consolidated revenue of approximately $12.60 billion USD for the trailing twelve months ending in 2024. Full-year 2024 sales were also cited as CLP 10,322,104.48 million and 12.21 trillion CLP. While a specific overall revenue growth percentage for 2024 is not provided in the text, the focus on omnichannel integration and efficiency suggests efforts to drive performance.
Walmart Chile Walmart Chile holds a dominant position in the Chilean supermarket sector, operating various formats including Lider (hypermarkets and supermarkets), Express de Lider, and SuperBodega aCuenta. These brands cater to different consumer needs across the country. As part of Walmart's global strategy, the Chilean subsidiary has been investing significantly in expanding its store footprint and logistics capabilities, as well as enhancing its e-commerce platform. While a precise consolidated revenue figure for Walmart Chile for the full year 2024 is not readily available, it was noted as the largest supermarket chain by revenue in Chile, holding approximately 20% of the total retail value in 2022. The reported investments signal an intent for future volume and revenue growth.
SMU S.A. SMU is a prominent Chilean supermarket company known for its wide geographical reach across all sixteen regions of Chile. Its key supermarket brands include Unimarc, Mayorista 10, Super 10, and Alvi. SMU has focused on organic growth through opening new stores and renovating existing ones, alongside improving operational efficiency. The company reported full-year 2024 revenue of CLP 2,887,165 million, showing a modest increase of 0.9% compared to 2023. SMU opened a total of 20 new stores in 2024 and has seen growth in its online sales, indicating expansion in volume and digital channel performance.
Ripley Corp S.A. Ripley Corp is a Chilean company with diversified business segments, primarily operating department stores in Chile and Peru, offering fashion, accessories, and home products. It also includes a banking division (Banco Ripley) providing consumer financial products and a real estate business managing shopping malls. Ripley has focused on improving the profitability of both its retail and banking operations. The company reported a trailing 12-month revenue of $2.21 billion USD as of December 31, 2024, which was approximately 2.09 trillion CLP. Specific year-over-year growth or decline figures for 2024 are not explicitly detailed in the provided text.
Empresas La Polar S.A. (abc) Following its merger with Abcdin, Empresas La Polar now operates under the unified "abc" brand. The company's retail operations include department stores selling clothing, electronics, and home goods through physical stores and online platforms. It also offers financial services. The merger aimed to strengthen the company's competitive position in the Chilean retail market. The combined entity (abc) reported revenues of $356,542 million CLP for the first nine months of 2024. The trailing 12-month revenue as of December 31, 2024, was reported as $536 million USD. Online revenue for lapolar.cl in 2024 was $40.7 million USD. The impact of the merger on overall volume and revenue growth compared to the individual pre-merger entities is not detailed in the text.
Sodimac S.A. Sodimac is a subsidiary of Falabella S.A. and specializes in the home improvement and construction retail sector. It offers a wide range of products for building, renovating, and decorating. As a key part of the Falabella group, Sodimac's revenue is consolidated under Falabella's overall financial reporting. Falabella's Home Improvement segment, which includes Sodimac and Maestro, had revenue of $1.4 billion in Q4 2024. This figure likely encompasses operations outside of Chile as well. Specific volume or revenue growth/decline for Sodimac in Chile is not provided separately.
Easy S.A. Easy is a home improvement retailer and is part of the Cencosud group. It provides products for home renovation, decoration, and gardening. Easy contributes to Cencosud's non-grocery retail segment. Similar to Sodimac within Falabella, Easy's revenue is consolidated under Cencosud S.A.'s financial results. While Cencosud reported an overall revenue increase of 15.9% in 2024, specific performance data for Easy alone is not available in the provided text.
Cruz Verde Cruz Verde is one of the leading pharmacy chains in Chile, offering a wide array of pharmaceutical products along with health, beauty, and personal care items. It is part of the Health Division of FEMSA. Cruz Verde is a significant competitor in the Chilean pharmaceutical retail market. While specific consolidated revenue for Cruz Verde in Chile for 2024 is not readily available in the provided information, the overall pharmaceuticals market in Chile was projected to generate $2.446 million USD in revenue in 2024. Cruz Verde, along with Salcobrand and Farmacias Ahumada, holds a substantial majority of the market share.
Salcobrand Salcobrand is another major pharmacy chain operating in the Chilean retail market and is part of Empresas SB. It competes directly with Cruz Verde and Farmacias Ahumada. Salcobrand offers a similar range of pharmaceutical, health, and beauty products. Specific consolidated revenue for Salcobrand in Chile for 2024 is not explicitly provided. However, it is consistently ranked among the top pharmacy chains by market share. Online revenue for salcobrand.cl was reported as $115.8 million USD in 2024. Past data (likely not 2024) indicated annual sales of $450 million USD and a 26% market share in the pharmaceutical market.
Here is a comparative table summarizing the available volume and revenue information for these players in 2024:
| Player name | Main Products/Services | 2024 Revenue (Approx.) | Growth/Decline (vs. previous year) | Volume Indicators |
|---|---|---|---|---|
| Cencosud S.A. | Supermarkets, Department Stores, Home Improvement | CLP 16.5 trillion / USD 17.5 billion | +15.9% (Revenue) | Operates a large network of stores. |
| Falabella S.A. | Department Stores, Home Improvement, Supermarkets, Financial Services | CLP 10.3-12.2 trillion / USD 12.6 billion (TTM) | Not explicitly stated for overall revenue in text | Operates a significant number of stores. Home Improvement segment revenue $1.4B in Q4 2024 (Falabella group, likely includes non-Chile ops). |
| Walmart Chile | Supermarkets, Hypermarkets | Largest supermarket chain by revenue (20% market share in 2022). Specific 2024 consolidated figure for Chile not available. | Not explicitly stated for Chile revenue in text. | Operates ~480 stores. Announced significant investments in new stores/DCs. |
| SMU S.A. | Supermarkets | CLP 2.89 trillion / USD 3.0 billion | +0.9% (Revenue) | Operates 285 Unimarc stores and others. Opened 20 new stores in 2024. Growth in online sales mentioned. |
| Ripley Corp S.A. | Department Stores, Financial Services, Real Estate | CLP 2.09 trillion / USD 2.21 billion (TTM as of Dec 31, 2024) | Not explicitly stated in text. | Operates department stores. |
| Empresas La Polar S.A. (abc) | Department Stores, Financial Services | CLP 356.5 billion (9M 2024 combined entity) / USD 536 million (TTM as of Dec 31, 2024) | Not explicitly stated for combined entity vs. previous year's comparable. | Operates department stores. Online revenue $40.7M USD in 2024. |
| Sodimac S.A. | Home Improvement | Consolidated under Falabella S.A. Falabella's Home Improvement segment: $1.4 billion in Q4 2024 (includes non-Chile ops). | Consolidated under Falabella S.A. | Operates numerous stores. |
| Easy S.A. | Home Improvement | Consolidated under Cencosud S.A. | Consolidated under Cencosud S.A. Cencosud overall revenue +15.9%. | Operates stores. |
| Cruz Verde | Pharmacy, Health & Beauty | Specific 2024 consolidated figure for Chile not readily available. Market expected at $2.446M USD in 2024. | Not explicitly stated in text. | Operates a large network of pharmacies. |
| Salcobrand | Pharmacy, Health & Beauty | Specific 2024 consolidated figure for Chile not explicitly available. Online revenue $115.8M USD in 2024. Past data suggests ~26% market share. | Not explicitly stated in text. | Operates a substantial number of pharmacies. |
References¶
Cencosud Reports a 15.9% Increase in Revenue in 2024. Empresas La Polar 2025 Company Profile: Stock Performance & Earnings | PitchBook. SMU Reports Significant Recovery in Q4 2024 Results. Earnings Release (SMU FY2024). Investing in Chile's Future: Walmart's Five-Year Commitment to Growth in Chilean Communities. Top online stores in Chile by revenue - ECDB. EasyLease revenue surges to AED456 million in 2024 | Emirates News Agency. Paris Olympics sees a 60% uplift in sponsorship revenue - Ampere Analysis Insights. Press Release - Cencosud (FY2024). Falabella SA (XSGO:FALABELLA) Q4 2024 Earnings Call Highlights - Yahoo Finance. lapolar.cl revenue - ECDB. 2024 Q3 Financial Results: SMU Revenues Grow by 2.8%. Cencosud Sees 16% Revenue Growth In Full-Year 2024 | ESM Magazine. Cencosud saw revenue growth in its financial year 2024 - FreshPlaza. Reached CLP $88,384 million: Cencosud Increases Net Income by 95% in the Third Quarter. Computrabajo Best Workplaces 2025: Las mejores empresas para trabajar en Chile. Empresas La Polar Company Profile - Office Locations, Competitors ... Falabella S.A. Reports Earnings Results for the Full Year Ended December 31, 2024. Earnings Release (SMU 9M2024). Falabella (SNSE:FALABELLA) Revenue - Stock Analysis. Quiénes destacaron en el Ranking Merco 2024 en Chile - AmericaMalls & Retail. Paris Saint-Germain in Europe's Top 3 revenue-generating clubs for the second season in a row. Memoria Anual Integrada 2023 Integrated Annual Report 2023 - Cencosud. Quienes Somos | Cruz Verde. FORFISCAL YEAR 2024 ANNUAL REPORT - Constellation Brands. “We're redefining India's massive agricultural waste into a resource” – An interview with Sanvi Bhutani | UNDP Climate Promise. REVENUE AND EXPENDITURE ESTIMATES - Ministry of Finance. Earnings Conference Call 3Q24 (SMU). Walmart Chile Revenue: Annual, Quarterly, and Historic - Zippia. Chile - Food Export. Report Name: Retail Foods Annual - USDA Foreign Agricultural Service. Financials & Filings - goeasy. 2023-2024 Financial Information - SMU University Decision Support. SMU S.A. (SNSE:SMU) Stock Price & Overview - Stock Analysis. Earnings Conference Call 4Q24 (SMU). Walmart Earnings and Revenue: Growth, Key Drivers, and Future Outlook - Spocket. Revenue publishes headline results for 2024. 2024 Small Business Revenue Statistics, Plus Tips To Boost Yours - Vena Solutions. The Supply Side: Walmart bolsters position in Chile with $1.3 billion investment. Corona, The World's Most Valuable Beer Brand1, Announces Its 100-Year Anniversary with Global Celebration - Business Wire. FORFISCAL YEAR 2024 ANNUAL REPORT - Constellation Brands. TELEVISION: Yowsah! NBC confirms profitable Paris 2024 Olympic Games amid $1.9 billion in revenue! - The Sports Examiner. Chile 2024: Digital Payments and Ecommerce Insights - PCMI. Top Grocery stores in Chile - ECDB.