Colombia Retail Report - Business Monitor International - Industry Reports

Colombia Retail Report

Colombia Retail Report - Business Monitor International - Industry Reports
Colombia Retail Report
Published Oct 22, 2016
64 pages — Published Oct 22, 2016
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Abstract:

BMI View: Consumer confidence in Colombia remains dented as a result of the impact of lower commodity prices and the weak peso. Recent increases in both inflation and unemployment rates will do nothing to improve consumer confidence, further dampening household spending on non-essentials and larger retail purchases. ...BMI View: Consumer confidence in Colombia remains dented as a result of the impact of lower commodity prices and the weak peso. Recent increases in both inflation and unemployment rates will do nothing to improve consumer confidence, further dampening household spending on non-essentials and larger retail purchases. With any significant improvements in the macroeconomic environment looking less likely this year, the strong growth potential of the Colombian economy will remain muted. ...

...The informal sector, comprised of myriad small, independent retailers, still dominates less urban areas, as low-income consumers remain unexposed to modern-format retailers Poverty remains a significant weakness, as around -- of the households remain impoverished, even as the economy has experienced strong growth Quality physical infrastructure remains lacking, as inadequate roads and railroad networks significantly increase business operation costs for retailers Cash continues to dominate as the preferred payment option, limiting growth potential for e-commerce retailers and lessening the impact of increasing credit availability ...

...Years of economically supportive policy, including the US-Colombia Free Trade Agreement have brought substantial foreign direct investment in the retail sector, which has led to strong representation by regional and global players Colombia is the third largest Latin American country by population and the fourth largest by GDP Colombia currently has one of the highest internet penetration rates in all of Latin America, at over -- of the population Disposable incomes are rising, with the portion of households expected to be earning above the USD--,--- mark reaching almost --.- by the end of ---- ...

...Colombia-based retailer Home Sentry opened its --th department store in April ----, in Cali, at an investment of COP--,---mn. Chilean retailer Falabella, announced recently that it aims to triple its sales and double the number of its stores in Colombia by ---- through an investment programme totalling USD---mn. ...Colombia-based retailer Home Sentry opened its --th department store in April ----, in Cali, at an investment of COP--,---mn. Chilean retailer Falabella, announced recently that it aims to triple its sales and double the number of its stores in Colombia by ---- through an investment programme totalling USD---mn. We have revised up our end----- policy rate forecast to -.-- from -.-- previously in light of the latest rate decision by the central bank, and we no longer expect interest rate cuts to start later this year (see Hiking Cycle Nearing Its Peak , June -). ...Chilean retailer Falabella, announced recently that it aims to triple its sales and double the number of its stores in Colombia by ---- through an investment programme totalling USD---mn. We have revised up our end----- policy rate forecast to -.-- from -.-- previously in light of the latest rate decision by the central bank, and we no longer expect interest rate cuts to start later this year (see Hiking Cycle Nearing Its Peak , June -).

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Source:
Document ID
2040-9044
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Colombia Retail Report" Oct 22, 2016. Alacra Store. Dec 11, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Colombia-Retail-Report-2026-860>
  
APA:
Business Monitor International - Industry Reports. (2016). Colombia Retail Report Oct 22, 2016. New York, NY: Alacra Store. Retrieved Dec 11, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Colombia-Retail-Report-2026-860>
  
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