For the first time ever, Chile has topped the annual Global Retail Development Index, published by leading global management consulting firm A.K Kearney
By Director Jorge Ponce
The annual study identifies the most successful markets and those that offer the most potential for the future, and ranks the top 30 developing countries for retail expansion worldwide, based on a detailed analysis of 25 macroeconomic and retail-specific variables.
Retail in Chile is huge and recent economic and political stability have resulted in a growing middle-class and consumer demand for the same goods and services enjoyed by those in the so-called ‘developed world’.
Chile has gone on to build one of South America’s most sophisticated retail environments, resulting in major investments in new and existing malls, international retailers entering the market and local operators expanding their businesses.
As architects and designers working in a society where retail is so important, and with people increasingly wanting to eat and drink in retail-anchored destinations, our objective is to create high-quality environments which include a range of retail, leisure and entertainment uses – and ultimately sociable environments which enhance consumers’ experience.
The report reinforces the strength of retail in Chile and confirms that our design work will be shaped by the demands of an increasingly mature and forward-thinking sector.