The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: Chile is home to a developed retail market that has benefited from a stable economic and
political environment. International retailers are attracted by business-friendly policies and this has helped
boost competition in a number of key sectors. We are forecasting incomes to continue to rise throughout our
forecast period and this will boost consumer spending, particularly on aspirational items. Despite this,
some segments are beginning to become saturated and overall opportunities will remain limited due to the
country's small population size.
Key Views And Developments
? Household retail spending is set to grow by 5.7% in 2016, before averaging 11.3% a year over the rest of
our forecast period to 2020.
? Department store chain Falabella has seen its profits climb by 12% in 2015.
? Falabella has unveiled plans to invest USD4bn over the next three years, opening up 131 new stores and
10 shopping malls across Latin America.