Peruvian Malls Look At 12 Percent Increase In Sales In 2012

Sales at Peruvian malls are expected to rise about 12 percent this year to $4.7 billion from $4.2 billion in 2011, according to the head of the Peruvian association of malls (ACCEP), Gonzalo Anzola.

“The projection for growth for malls is really soaring and we calculate that in two or threeyears we should pass from 45 to 80 or 100 malls in Lima and the provinces,” daily Peru.21 reported Anzola saying.

In 2000, there were seven malls in Peru, with six of them located in the capital, Lima. A large number of the malls have been developed by the Brescia, Interbank and Romero groups.

Although there are few cities with more than 200,000 inhabitants in Peru’s Amazonian jungle, and the logistics of transport are difficult, Anzola said that investment developers are studying the possibility of opening malls in cities such as Pucallpa, Tingo Maria and Iquitos. 

Anzola said that going forward, the forecast for growth will remain strong as there is still relatively little access in the population. Currently, there is an average of about one mall in Peru for every million residents, compared to an average of 2.1 in Latin America.

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