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While the Chilean stock market experienced a relatively quiet day, with the S&P IPSA falling slightly 0.08%.
While the Chilean stock market experienced a relatively quiet day, with the S&P IPSA down slightly 0.08%, two of the main actions of the retail industry, SMU and Falabella, lived a moved session. This in a day full of news related to the sector.
On the one hand there is the supermarket that controls the Unimarc brand, which has been center of attention after the complex financial situation that CorpGroup is experiencing was known, company of businessman Álvaro Saieh.
This led different agents to think that the entrepreneur could “go through the box” with SMU in order to get enough liquidity to meet its obligations. However, given the rumors of a possible sale intention, CorpGroup was clear: “We categorically and categorically deny malicious rumors about the sale of control of SMU“they said.
With this, the shares of the supermarket had a good session on the Santiago Stock Exchange, so SMU shares appreciated 4.08% to $ 122.99, partially offsetting the drop of more than 20% that has accumulated since the beginning of July this year.
On the other side are Falabella shares ended the day with a 2.85% drop to $ 2,341.3.
These results occur in the midst of concerns that the company has generated by its Argentine operation, which led the company to recognize that it is looking for a partner in that country, with a view to making the operation “sustainable”.
Through a press release, the company pointed out that the pandemic and the acceleration it caused in e-commerce are impacting the trans-Andean operation. This led to decision to close two Sodimac stores and two Falabella retail stores in Buenos Aires.
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