Supermarket Sales To Grow 9% In 2016, Scotiabank Estimates

They would add S / .10.9 billion at the end of the year, S / .900 million higher than the one recorded in 2016, the bank’s Economic Research Department said.

This advance could be explained by the greater penetration of the supermarket chains, which took advantage of the installation of new shopping centers nationwide to open new stores in Lima and provinces, the bank said.

Supermarket Sales To Grow 9% In 2014, Scotiabank Estimates
Supermarket Sales To Grow 9% In 2014, Scotiabank Estimates

“It would also add (in the growth of sales) the contribution of the revenues generated by the stores implemented in 2016 (about 12 new stores opened in the last quarter of last year),” said Scotiabank.

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Another factor that would influence the increase in sales would be the improvement of the purchasing power of the population and the availability of consumer credit, the bank said.Supermarket Sales To Grow 9% In 2016, Scotiabank Estimates

“However, a greater number of stores – from different operators – in the same area of influence would influence an increase in the frequency of promotional sales, which could pressure the levels of profitability of the companies in the sector,” he added.Supermarket Sales To Grow 9% In 2016, Scotiabank Estimates

Scotiabank, in addition, estimated that the main chains will continue with the opening of new premises. In that sense, he affirmed that Censused will open five supermarkets and three stores by the department this year; Supermarket’s USA will add 30,000 m² in the sales area, And Flabella will open seven stores by the end of 2017.

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