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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
12/08/201607:30:00Losses Mount at Sears
12/08/201606:18:29Quarterly Report (10-q)
12/08/201606:07:37Current Report Filing (8-k)
12/08/201606:00:00Sears Holdings Reports Third Quarter 2016 Results
12/07/201610:00:00Sears' Heroes at Home Program Brightens Holiday Season for Disabled...
12/07/201608:00:00Uber, Shop Your Way® Expand Rider Rewards Program
12/06/201613:31:00Sears® Auto Center And The DieHard® Brand Introduce Maintenance P...
12/02/201618:02:07Statement of Changes in Beneficial Ownership (4)
12/02/201617:04:08Amended Statement of Beneficial Ownership (sc 13d/a)
12/02/201616:49:33Current Report Filing (8-k)
12/02/201609:42:00Sears Holdings Announces Board Change
12/01/201616:47:00Sears Holdings To Hold Fiscal 2016 Third Quarter Financial Results...
11/25/201610:02:37St. Jude Children’s Research Hospital® and Kmart to Ring the Na...
11/23/201616:47:01Current Report Filing (8-k)
11/22/201613:20:00Help Kmart® Reach $100 Million in Donations to Support St. Jude...
11/22/201608:00:00Sears to Kick Off Cyber Monday Early with 72 Hours of Online...
11/18/201610:30:00For Gifts That Glimmer And Gadgets That Simmer, Head To Kmart.com...
11/16/201612:07:00Celebrating 10 Years of Partnership, Kmart® Announces Suite...
11/16/201608:00:00Sears Announces More Early Access to Thanksgiving/Black Friday...
11/14/201612:49:00Kenmore® Brand Brings Home Multiple Reviewed.com Best Of Year...

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