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Know who has taken command of Ripley’s board

Ripley informed through an essential fact to the Commission for the Financial Market that Débora Calderón Kohon will take over as director of the Chilean company.

banne perú retail 300x250px 02 - Know who has taken command of the Ripley board of directors

With this, he won the position despite the fact that in April he did not obtain the necessary votes to be on the board of directors.

This decision is made at a time when Ripley Corp. has just registered losses of 11 million Chilean pesos due to the health crisis.

Despite this, in the retail segment, the growth of 24% in online channel revenue has been highlighted, driven by the increase in sales of Mercado Ripley.

In addition, since March 19 to date, digital sales in Chile have grown to three digits, driven by a strong increase in the number of ‘sellers’ in its marketplace, which has allowed it to triple the SKUs published on its website. Along these lines, they have included new categories as basic necessities.

Additionally, Ripley has adjusted its merchandise inventories to a new scenario of expected sales, so they are making greater use of the inventories already available for their online sales.

BANCO RIPLEY

Meanwhile, in the banking segment, the growth shown by the Chek virtual wallet launched by Banco Ripley in December 2019 stands out.

To date, Chek registers more than 134 thousand users, 11 thousand adhered businesses and more than 200 thousand downloads.

INVESTMENTS IN PERU

Regarding investments, they are focused on initiatives of operational continuity, digital channels and omnicality.

As a prudential measure, Ripley Corp. has temporarily postponed those investments that are in an initial stage of development, mainly the mall construction projects in Peru.

The Chiclayo shopping center, which was weeks away from opening and undergoing completion, is now expected to open its doors to the public during the last quarter of the year.

For its part, the shopping centers of San Juan de Lurigancho and Iquitos, it is expected that they will open during 2022.

Without a doubt, Débora Calderón Kohon must face the COVID-19 pandemic, developing a plan with measures that aim to have prudent management and to ensure the sustainability of the company in the long term.

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