This year, sales in the retail sector would total more than S/50,000 million, which would mean a growth of 4% when compared to 2024, although it has an upward bias, Scotiabank estimated.
According to the entity, this advance would respond to the greater liquidity expected for December, as well as the recovery of formal private employment, lower inflationary pressures, normal weather conditions, a greater number of premises and appreciation of the sol against the dollar.
Likewise, he specified that the 4% projection is even above the 3.3% that the financial entity estimates for the commerce sector as a whole.
The financial entity revealed that the retail sector grew 4.5% in July, due to the sustained improvement in people’s purchasing power and a better performance of private investments, which advanced 9% in 2025.
“Growth was limited by the temporary closure of shopping centers nationwide in the first quarter – in Trujillo a mall is still closed – for security checks, affecting the activity of anchor stores (supermarkets and department stores),” he reported.
At a disaggregated level as of July, retail sales were driven by sales in supermarkets (+3.9%), due to greater demand for products – especially food, beverages and household items – and a greater number of stores (just over 1,400 discount stores).
“Added to this was the growth in sales of department stores (5.2%) -due to the normalization of sales of winter clothing-, and home improvement (3.1%), taking into account the dynamism of the real estate sector,” commented the financial institution.
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