Wine is one of the utmost popular drinks consumed worldwide. The escalating demand for wine, because of its unusual taste and health assistances is one of the key aspects boosting the growth of the global wine market. The global wine mar…
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.