PROSPECTS AND OPPORTUNITIES
General merchandise stores expected to see moderate growth driven by department store recovery and variety store expansion
General merchandise stores is projected to continue growing at a moderate pace in the coming years. Department stores are expected to gradually regain momentum as Peru’s economy stabilises, inflation remains within the target range, and consumer spending power improves.
Variety stores to sustain dynamic growth through aggressive expansion and entry of new players
Variety stores have rapidly gained traction in Peru, particularly from 2023 onward. This trend is expected to continue as major retailers expand their footprint nationwide.
Ripley’s store renovations aim to enhance customer experience and may influence broader industry trends
In late 2024, Ripley department stores initiated store renovations designed to maximise retail space efficiency and enhance customer experience. These renovations include the integration of multifunctional spaces, aimed at increasing store profitability while offering shoppers additional services and amenities.
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Overview:
Understand the latest market trends and future growth opportunities for the General Merchandise Stores industry in Peru 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 Peru, 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 Peru 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 Peru?
- Which are the leading retailers in General Merchandise Stores in Peru?
- 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 Peru - Category analysis
KEY DATA FINDINGS
General merchandise stores grow in 2024 driven by economic recovery, winter clothing demand, and variety store expansion
Falabella Peru SAA maintains leadership in department stores but faces increased competition from Ripley SAA
Dollarcity strengthens leadership in variety stores through expansion, product diversity, and competitive pricing
General merchandise stores expected to see moderate growth driven by department store recovery and variety store expansion
Variety stores to sustain dynamic growth through aggressive expansion and entry of new players
Ripley’s store renovations aim to enhance customer experience and may influence broader industry trends
Retail in Peru - Industry Overview
Retail in 2024: The big picture
New store openings drive growth across multiple categories
E-commerce remains a key focus for retailers
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Mother´s Day
Father´s Day
Children´s Day
National Holidays of Peru
Back to school
Valentine´s 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.
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