Latin American Retailers Set For Success
According to analysts at Fitch Ratings, one of the major statistical researchers of global capital markets, more stabilised inflation and gradually declining interest rates will benefit the retail sector in Latin America this year.
The Fitch report suggest retailers in the region are well set for growth, stating “Increased competition from pure online retailers has led traditional retailers to defend market share by focusing on enhancing their product offerings, elevating service levels and improving the overall shopping experience.”
The report also highlighted that retailers in Latin America are showing better judgement when executing their digital and online strategies, by “directing their investments toward optimising logistics and bolstering the long-term value of customer relationships.”
While international debt markets continue to be volatile, as does the risk of environmental threats and geopolitical stability, this sector could be set for a boom period over the course of the next year or two.
This will undoubtedly come as good news to some of the regions major retailers, such as Walmex (Walmart Mexico), FEMSA Comercio, Grupo Comercial, Organization Soriano, Grupo Coppel, Natura & Co, Cencosud and Falabella.
