Published on : Nov 21, 2018
Albany, New York, November 21, 2018: Increasing disposable income coupled with surged spending sprees amongst consumers is accounted as a major growth indicator for Latin America retail industry. Ubiquitous online shopping backed by increasing adoption of smartphones, tablets, and pervasive internet connectivity are expected to change dynamics in burgeoning retail industry in Latin America. Market Research Hub (MRH) in its recent business intelligence report titled, 'Latin America Retail Industry Profile and Directory' spans across recent market advances and their corresponding implications on holistic growth of retail industry in Latin America.
Customized offerings mimicking consumer preferences remains dominant market strategy amongst leading vendors in Latin America retail industry. Additionally, to unwind new possibilities besides safeguarding their leading stance, market players in Latin America retail industry are fast adopting bespoke technological novelties such as robotics to ensure disruption in Latin America retail industry. Leading market players are seamlessly incorporating robotics for various functions such as packaging and shipping to enhance operational efficiency at economic feasibility.
Walmart Acquires On-demand Grocery App, Cornershop , Elevates Multichannel Capabilities
Further, omni-channel delivery system is expected to dominate retail industry in Latin America in the forthcoming years, thus encouraging significant investments. To cite an instance, leading retail giant, Walmart has recently inked an acquisition deal to acquire Cornershop, having presence in Chile and Mexico. Cornershop is a unique on-demand grocery app for pharmacies, supermarkets, and specialty food retailers. With this major investment, Walmart envisions to elevate its offerings and capabilities in multi-channel operations.
This elaborate research report on retail industry in Latin America is an exhaustive guide about prevailing market spectrum. The report entails crucial insights on market dynamics in terms of drivers, restraints, and trends that influence growth roadmap in retail industry in Latin America. This report primarily aims to enhance perspectives of existing market participants, besides offering insightful details highlighting entry points in retail industry in Latin America, thus leveraging lucrative investment decisions. The report also offers decisive overview of market segments and factors prevalent in retail industry in Latin America, and their reciprocal implications on holistic market growth. Key segments identified in retail industry in Latin America comprise, grocery, pharmacy, and convenience store retail chains. The report also elaborates on the segment associated with revenue maximization in retail industry in Latin America.
Brazil: Most Lucrative Country in Retail Industry in Latin America
Further, in the trailing sections of this report on retail industry in Latin America, readers are presented with an exhaustive overview of geographical scope of retail industry in Latin America. The report offers a country-wise review of retail industry in Latin America, also shedding significant light on top five countries dominant in retail industry in Latin America, comprising, Brazil, Mexico, Argentina, Chile, and Colombia. Thorough research postulates articulated in this section of the report on retail industry in Latin America allow readers to gauge various marketing tactics and tools implemented by leading market players across regions and their subsequent implications on holistic growth of retail industry in Latin America.
Competition Overview: Latin America Retail Industry
Thorough research elements articulated in this section of the report sheds light on competitive landscape, complete with detailed summary of leading company profiles, recent developments, and market contribution. Some of the leading market participants benchmarked in retail industry in Latin America comprise, Pricesmart, Drogaria So Paulo, Inkafarma, Groupe Casino, Walmart, Inc., 7-Eleven, and OXXO.
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