PERU'S SUPERMARKETS SEE US$3.7B SALES THIS YEAR

12 Jul 2013 11:19

LIMA, July 4 (BERNAMA-NNN-ANDINA) -- Supermarkets' sales are expected to reach 10,000 million soles (US$3.7 billion) in 2013, climbing ten per cent over a year earlier, Scotiabank estimated.

Scotiabank's forecast shows a 6.6 per cent increase from retail sector's outlook, noted Carlos Asmat, senior analyst at Scotiabank’s Economic Research Department.

This positive performance would be underpinned by the expansion of supermarkets in Peruvian regions.

According to the report, retail sales would be driven by private consumption, increased purchasing power of consumers, increased sales of non-food items and expansion of consumer credit.

--BERNAMA-NNN-ANDINA

SS RT