智利零售行业研究报告2009年10月

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Index
1. Main Industry Tendencies 3
A scenario that is becoming more and more competitive 3
New actors and formats join up 4
Growth opportunities remain intact 5
The development of new formats will be vital to obtain a greater penetration 6
And what is the warehouse format? 8
And it's time for the greater development of own brands 9
An answer to the sector's challenges: The multi-format model andthe Chilean case 12
2. Economic Situation: The region's perspectives improve 17
Chile: Economy on the recovery path 18
Colombia: Mild recession which is starting to be left behind 22
Peru: In the midst of a strong adjustment, it would grow in 2009 22 and rebound in 2010 24
3. Supermarkets 27
A more competitive scenario, harboring potential for growth 27
Despite more intense competition, there is still potential for growth 28
Wal-Mart's growth in the region and its potential impact on the Chilean market 29
Financial and Operational Situation 30
4. Department stores 32
Hit the hardest by the crisis but with a solid outlook in the region. 32
Intense Competition and Concentration: Room for growth shrinks…..in Chile 34
Operational and Financial Comparison 36
Financial Comparison 37
5. Multipes 38
Stores 38
Supermarkets 38
The profitability of shares 39
6.Institutional Investors in Retail shares 45
Almacenes Exito 45
Cencosud 50
Falabella 56
La Polar 62
Ripley 68

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关键词：行业研究报告 研究报告 零售行业 行业研究 Perspectives 研究报告 行业 零售 智利