La Polar

La Polar is founded in 1920 as a tailor in what is now known as Estacion Central, in 1953 becomes a store of multiple products with the name of La Polar. By the late 1980s, following the trend of other companies like Falabella, Paris and Ripley La Polar begins its expansion to become a local department store chain. Thus, between 1985 and 1986 opened its first stores in downtown Santiago (San Diego and Monjitas). In 1989 they enter the lending business to get their credit card for purchases at the chain. The company began its expansion in Santiago and other regions over the next decade, reaching 12 stores in 1998, with an area of 24,100 sqm and 350,000 customers of their credit cards. In 2003, the company initiates the transaction of its shares on the Santiago Stock Exchange in 2007; La Polar changes its brand image and begins to participate in malls after an alliance with Mall Plaza. Since 2010, La Polar totals 38 stores and an area of 160,000 sqm. Currently La Polar has 38 stores in Chile one of the leading companies in the retail sector in Chile, being the fourth player in the industry, with a market share around 10%.

show less