US Retail Giant Paves Way for Peru

US Retail Giant Paves Way for Peru

Chile

Wal-Mart’s purchase of Chilean retailer DyS for up to $2.8bn could make it easier for the US firm to enter the Peruvian market, say analysts. “DyS had already opened an office in Peru and had plans to open stores in a smaller format. But with Wal-Mart, it is possible they may decide to open larger format stores,” says Francisco Errandonea, head of equity research at Santander Investments in Chile. He adds that “it is not likely that Wal-Mart would acquire a existing chain in Peru, as the ret

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