Retail Sector Slows in Chile

Retail Sector Slows in Chile

Chile Equity

Chile’s red-hot retail sector is beginning to slowdown from breakneck growth last year. “This year we should see same-store sales increase about 10% for the majority of Chilean retailers that operate department stores,” says Felix Lorenzo, portfolio manager and Chile country head at LarrainVial’s asset management unit. “This is a good rate of growth, but it is below that seen in 2010, when growth was around 15%-20%,” he adds. While stocks are also seen to be rising, the sequel to last year’s sur

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