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Sector Analysis
Luggage and Leather Goods Retailing in Chile – Market Summary & Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020
Chile’s luggage and leather goods retail market, with a share of 0.57% in 2015, is expected to be the sector with optimum growth during the forecast period. The retail market for luggage and leather goods will witness a CAGR of 4.62% over 2015-2020, to reach CLP252.4 billion by 2020. Per capita spending on luggage and leather goods in Chile is also anticipated to grow at a CAGR of 3.6% over the next five years.
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Sector Analysis
Retailing in Chile– Market Summary & Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020
The Chilean economy is dependent on copper and exports, and the fall of commodity prices have affected the economy in the last two years indicating a need to change their GDP sector portfolio. However, the country is performing better than other Latin American countries. High income levels and sound policies from the government have shielded the country. But Chileans are negotiating their retail purchases as they are shifting towards small stores. On the other hand, high internet penetration and very...