Three years after its debut in Chile, IKEA is consolidating its position as a success story in South America. Its stores in Chile have been the fastest-growing in the world for two consecutive years, driving foreign investment and retail innovation.

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The British natural cosmetics company, which has been operating in Chile for 23 years, plans to continue expanding and reach US$10 million in sales.

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The Chinese company will acquire the Chilean home improvement chain for US$123 million.

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The initiative includes an expansion of more than 65,000 m2, with an automated sector that will contain more than 1,400 autonomous robots and new technologies, focusing on logistics and in-store product availability.

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The plan includes opening 70 new supermarkets – 70% of which will be outside of Santiago – and creating more than 4,000 direct jobs over the next five years.

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The U.S. retailer is the third largest employer in Chile, and 54% of its employees are now women, thanks to its inclusion and equality measures.   

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The Turkish fashion chain, which has more than 1,200 stores worldwide, will arrive at the Mallplaza Oeste shopping center in the Cerrillos district of Santiago. 

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The Intercorp holding company is the supermarket business leader in Peru, with a 40% share. Its owner has been listed among the richest people in the world.

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The US manufacturer is assessing its offer of traditional toys, new lines and licensed brands such as Disney.

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The company opened three shops in the country this year and will expand to Talca and Puerto Montt next year. The firm’s local CEO says that they hope to become «the leading athletic wear brand» in Chile.

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A survey by Mercado Libre and GfK revealed that those between 25 and 34 years old and over 65 are most likely to report being heavy e-commerce users.

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The initiative, which aims to reduce the carbon footprint of the retail company’s logistics processes in Chile, is the first of its kind in Latin America. 

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The Santiago de Chile store is IKEA’s first in Latin America. It is a 15,000-meter space that includes more than 8,000 meters of sales area. The store will also employ some 700 people in Chile.  

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The North American pet products retailer, part of Grupo Gigante, will invest US$2 million in launching its online business in Chile. The company plans to expand in the future with brick-and-mortar stores in the country.  

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The Argentine company has inaugurated a 43,000 m2 storage space, which will be used in its entirety for the electronic commerce of the products of millions of companies, SMEs and startups.  

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The Danish toy brand plans to invest US$2 million in opening stores across Chile. The 133-square-meter store in Concepción will be the company’s ninth store in Chile.  

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The Peruvian company plans to have eighty stores in Chile within the next five years.

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The center envisages an investment of US$100 million over two years and expects to create 5,000 jobs directly and indirectly

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With shoppers clearing out shelves in fear of quarantines or product shortages, retailers are racing to keep food and hygienic items in stock.

Topics: Retail- Coronavirus

The company’s CEO highlighted its increase in quarterly sales, particularly in the South American country where the Scandinavian chain has 14 stores.

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