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Chile's Falabella To Issue ADRs And Enter Mexican Market -Report

SANTIAGO, Chile -(Dow Jones)- Chilean retailer SACI Falabella (FALABELLA.SN) will issue American Depositary Receipts and enter the Mexican market in 2012, newspaper Diario Financiero reported Monday without citing sources. Falabella, with a market capitalization of nearly $24 billion, is one of the largest retailers in the region, operating stores in Chile, Colombia, Peru and Argentina. According to Diario Financiero, Falabella was looking to enter either Brazil or Mexico. The Chilean retailer opted for Mexico, with 100 million inhabitants and space for a new competitor. Falabella will compete there against Wal-Mart de Mexico SAB de CV (WMMVY, WALMEX.MX) and Sears Holdings Corp. (SHLD). Falabella is following competitor Cencosud SA's (CENCOSUD.SN) footsteps, as Cencosud recently announced plans to list in the U.S. to increase its investor base. Cencosud has focused its growth strategy on the Brazil market through a series of acquisitions in recent years. -By Graciela Ibanez, Dow Jones Newswires; 56-2-715-8929; chile@dowjones.com

Stock News for Sears (SHLD)
DateTimeHeadline
05/27/201603:03:00Sears Eyes New Strategy -- WSJ
05/26/201621:00:00Sears Holdings Losing CFO Robert Schriesheim
05/26/201620:25:00Sears Holdings CFO Robert Schriesheim Steps Down
05/26/201609:52:00U.S. Hot Stocks: Hot Stocks to Watch
05/26/201607:50:00Sears Revenue Declines, Eyes Deals for Key Brands
05/26/201606:11:34Amended Quarterly Report (10-q/a)
05/26/201606:11:34Quarterly Report (10-q)
05/26/201606:09:43Current Report Filing (8-k)
05/26/201606:00:00Sears Holdings Reports First Quarter 2016 Results And Other Corporate...
05/23/201616:04:00Sears Holdings To Hold Fiscal 2016 First Quarter Financial Results...
05/19/201617:40:03Initial Statement of Beneficial Ownership (3)
05/19/201617:39:08Initial Statement of Beneficial Ownership (3)
05/12/201616:53:21Current Report Filing (8-k)
05/12/201616:50:00Kohl's Shows Effects of Retail Slump
05/12/201616:15:00Sears Holdings To Announce Financial Results
05/12/201608:00:00Sears Brings Powerful Digital Innovation To Appliance Shopping...
05/10/201610:34:00Sears Launches Ninth Annual Heroes at Home Program, Renovating...
05/03/201618:35:54Statement of Changes in Beneficial Ownership (4)
05/03/201608:00:00Sears' In-Vehicle Pickup Service Perfect Solution for Last-Minute...
05/02/201608:00:00Green Thumb or Not: Plants for Life Bloom at Kmart

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