Peru to see 3,900 retail stores open in next 5 years

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Peru will open about 3,900 new retails stores in the country in the next 5 years, reports “Gestion”:http://gestion.pe/economia/retail-peru-unas-3900-tiendas-se-abriran-proximos-cinco-anos-2143245.

Tomas Leal, Research analyst at Euromonitor, said that in terms of retail in Peru, the traditional channel is dominant despite the great expansion of the modern channel.

Retail in Peru is expected to grow 4% in sales for the next five years bringing about 3,900 new stores says the analyst.

How much is Jockey Plaza planning to expand?

“I think the only way is up for Peru in terms of its modern channel, although by cultural issues the traditional channel is going to be more important. I doubt that the modern channel will replace the traditional channel because it almost never happened in any country in the region,” said Leal, according to Gestion.

He noted that Peru and Bolivia have especially strong traditional channels. The importance of the traditional channel is driven by the prices, customs and culture of the population.

To Leal, the Peruvian model of modern retail is developing. Additionally, the preference for the modern pushes the modern channel to develop smaller channels, especially in residential neighborhoo

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Hillary Ojeda

Hillary moved to Peru in August of 2014 to learn Spanish, live with her family, and pursue writing. Born and raised in Bakersfield, Ca, Hillary earned her B.A. in Anthropology at University of California, Berkeley. Since moving to Peru she drinks fermented potato and coca concoctions daily and is enjoying learning about the abundant and natural andean foods of the country. Hillary hopes one day to become an investigative journalist. You can follow her blog.