Boston, MA -- (ReleaseWire) -- 06/23/2014 -- In 2012 and 2013, leaving Argentina and seeking a more-stable overall economic environment, several international premium brands opened stores in Uruguay. Louis Vuitton, Prada, Salvatore Ferragamo and Tiffany & Co either opened stores or refurbished existing ones in Punta del Este, to continue targeting a select group of Argentinean consumers who live or spend their vacations in these resorts, as well as affluent Uruguayan consumers. Other international brands such as Fila, Gap and Lacoste also opened new stores in the country.
Chic Parisien continued to lead non-grocery retailers in 2013, recording a 6% value share. This company reached a total of 39 outlets in 2013, and continued to open new stores under the brand names Parisien, La Casa de Las Telas, DNK and Indian (Emporium). Though concentrated in Montevideo, the company also has a presence in several towns in the interior of the country and its brands have been a traditional name in clothing retailing, especially among mid- and low-income consumers. Motociclo, the main electronics and appliance specialist retailer, ranked second in 2013 with a 5% value share, while Coboe continued with the expansion of its Farmashop parapharmacy chain and remained in third place with a 2% value share.
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Sales through non-grocery retailers are expected to grow at a CAGR of 2% at constant 2013 prices during the forecast period, which is a slight improvement on the performance over the review period. The good economic conditions that allowed past growth are expected to extend well into the forecast period, with no slowdown in the increase in consumers' purchasing powers. This should be good enough to sustain projected growth rates.
Discover the latest market trends and uncover sources of future market growth for the Non-Grocery Retailers industry in Uruguay with research from Euromonitor's team of in-country analysts.
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The Non-Grocery Retailers in Uruguay market research report includes:
- Analysis of key supply-side and demand trends
- Detailed market shares for international and locally-based retailers
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
- How is discretionary spending affecting non-grocery retailing in Uruguay?
- Are non-grocery channels losing out to the growth of such products in grocery retailing?
- How is non-grocery retailing coming under pressure from non-store channels?
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