PROSPECTS AND OPPORTUNITIES
Despite established presence, department stores still offers room to grow
Department stores is a well-developed channel in Chile, with a limited number of players that are well-known to local consumers due to their high number of outlets. Over the forecast period, major players Ripley, Falabella, and Cencosud Retail (Paris) have all expressed their intentions to dedicate greater time and investment into expanding, by opening new locations and continuing to remodel older outlets to align better with new consumer needs, in addition to adopting an omnichannel strategy and focusing more on experiences.
Variety stores set to record further dynamic growth over forecast period
Over the forecast period, variety stores is expected to post one of the most dynamic performances within Chilean retail. While it will remain small in terms of overall value compared to other more important channels in the retail landscape, it has captured strong interest from consumers with its combination of affordable prices in independent stores, and attractive, nostalgic, and fashionable products offered by chained brand Miniso.
E-commerce likely to remain important competitor for general merchandise stores
Even with the reactivation of department stores and the predicted further strong development of variety stores over the forecast period, both channels will continue to be greatly affected by the growth and development of e-commerce in Chile. Operators of physical department stores are being impacted by the cannibalisation of their own digital platforms, alongside the competition offered by the likes of MercadoLibre Marketplace, and the growth of cross-border players Shein, AliExpress Marketplace, and Temu, which are expected to make further gains over the forecast period.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the General Merchandise Stores industry in Chile with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the General Merchandise Stores industry in Chile, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The General Merchandise Stores in Chile report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of General Merchandise Stores in Chile?
- Which are the leading retailers in General Merchandise Stores in Chile?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
General Merchandise Stores in Chile - Category analysis
KEY DATA FINDINGS
Positive year for department stores, with new possibilities for future growth
Nostalgia and affordable prices help variety stores gain importance
Falabella looks to reactivate sales after a difficult period
Despite established presence, department stores still offers room to grow
Variety stores set to record further dynamic growth over forecast period
E-commerce likely to remain important competitor for general merchandise stores
Retail in Chile - Industry Overview
Retail in 2024: The big picture
E-commerce goes from strength to strength in Chile
Informality and insecurity still top-of-mind issues for retailers and consumers
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas and New Year
Back to School
Independence Day
DISCLAIMER
The following categories and subcategories are included:
General Merchandise Stores
- Department Stores
- Variety Stores
General Merchandise Stores
The aggregation of department stores and variety stores.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our General Merchandise Stores research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!