By: Gustavo Zapata, Yobel SCM business unit manager
Peruvian retail is undergoing an important transformation process with the strong expansion of convenience stores. Although these are not totally new in the Peruvian market since they already existed in the fuel service stations (with the chains Listo !, Viva, Jet Market, among others); The novelty is in the accelerated growth of the stand alone format, driven by the Tambo + and Aruma stores, chains managed by Lindcorp. To these is added the Mexican Oxxo, which has already begun to open stores in Lima, while it is expected that the purchase of MiMarket by InRetail (from the Interbank Group) and Viva by the Romero Group will also boost the sector. This market has great growth potential both in Lima and in the provinces, a place that would begin to be entered by Tambo + as of next year. According to the Euromonitor consulting firm, in Peru there is one convenience store for every 800,000 inhabitants, this ratio is 6,000 in the Chilean market. In addition, this consultancy expects that the sales of these chains will go from US $ 21 to US $ 62 million between 2016 and 2021. Precisely, for the year of the Bicentennial of Independence, both Tambo + and Oxxo expect to have about 600 stores.
Read more «Convenience store revolution and logistics challenges»
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