Retailer Falabella has reported sales of CLP1.09trn (£1.22bn) for the second quarter ended July 31, 19.5% higher than in 2009.

The main reason behind this increase in sales was believed to be the recovery in the levels of consumption in South America.

profit reached CLP95.5bn (£124.7m), up by 67.2%. Like-for-like sales at domestic stores grew 26.2% in department stores, 21.9% at DIY stores and 6.6% at supermarkets. In local currency terms, like-for-likes grew 16.6% in Peru, 38.7% in Argentina and 9.2% in Colombia.