PERU (Notifix).- According to a recently published report on the industry published by the market intelligence unit of Peru’s Scotiabank, sales of the main Home Improvement retail chains in Peru (Maestro, Sodimac, Cassinelli and Promart) reached USD 1.1 billion, an increase of 28% compared to 2011.
Format | Opening | City |
|---|---|---|
Promart | Ene-12 | Lima - Pro |
Cassinelli | Ene-12 | Piura |
Sodimac | Mar-12 | Chimbote |
Promart | Mar-12 | Lima - Ate |
Maestro Perú | Abr-12 | Lima - VES |
Promart | Jul-12 | Trujillo |
Maestro Perú | Jul-12 | Tacna |
The report also highlights the positive effect of the progress of building materials demand, considering that the construction sector growth is expected at around 10% in 2013.
This important sales rise was due to an increase in sales area during 2012 with 12 new store openings, doubling openings in 2011, and a performance improvement in existing stores. The report estimates that the total market size for hardware and home improvement is of USD 4 billion of which hardware stores have a 78% market share and home improvement retail chains 22%.
