2025 Development
Retail in Peru demonstrated strong momentum in retail current value sales in 2025, recording the fastest growth rate since the first year of the review period and outpacing the average growth for Latin America. This performance was supported by stable economic fundamentals, significant consumer confidence and a stabilising inflation rate. The combination of improved access to credit, a shift towards digital engagement and widespread store expansion across both urban and provincial areas makes this an attractive environment for brands seeking scalable growth. However, the landscape remains highly fragmented, with informality deeply entrenched, a high share of employment is informal, challenging formal players to innovate on value efficiency and customer experience. Thus, brands are accelerating their development of e-commerce to foster an omnichannel approach, physically and digitally engage consumers, create new store concepts, develop product assortments and offer experiential shopping opportunities.
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Overview:
Understand the latest market trends and future growth opportunities for the Retail industry in Peru with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Convenience Stores
- Discounters
- Hypermarkets
- Supermarkets
- Traditional Grocery Retailers
- Apparel and Footwear Specialist Retailers
- Electronics and Appliance Specialist Retailers
- Health and Beauty Specialist Retailers
- Home and Garden Specialist Retailers
- Department Stores
- Variety Stores
- Warehouse Clubs
- Direct Selling
- Homeshopping
- Vending
If you're in the Retail industry in Peru, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Retail in Peru report includes:
- Analysis of key retail trends
- Detailed segmentation of offline and online retail sales
- Historic channel sizes (retail value sales, outlet counts, and selling space)
- Company and brand market shares (retail value sales and outlet counts)
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Retail in Peru?
- Which are the leading retailers in Retail in Peru?
- How are products distributed in Retail in Peru?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How significant are discounters and private label in Peru?
- To what extent are sales shifting towards digital channels?
- What is the long-term outlook for bricks-and-mortar?
- How is macroeconomic and political uncertainty affecting the retail industry?
- What types of retailers are seeing the fastest growth in digital sales?
- What is the future of retail?
Retail in Peru
2025 Development
Key Data Insights
Economic Stability and Improving Credit Conditions Support Purchasing Power
Small Local Grocers Maintain Dominance While Discounters Outpace Rivals with Aggressive Expansion
Digital Expansion and Physical Space Reconceptualisation Shape Retail Development in 2025
Discounters to Continue to Invest in Store Openings to Widen Geographic Reach
Retailers to Expand Digital and Physical Reach and Assortments to Sustain Growth Momentum
Supermercados Peruanos Drives Store Expansion to Strengthen Its Lead
New Store Concepts to the Fore
Informal Retail
Opening Hours for Physical Retail
Seasonality
Christmas
Mother's Day
Father's Day
Children's Day
National Holidays of Peru
Back to school
Valentine's Day
Convenience Retailers in Peru
Key Data Insights
Convenience Retailers Summary
Convenience Stores Drive the Channel's Dynamism
Retail Convenience and Consolidation Provide the Key Channel Impulses
Ambitious Store Strategies to Enhance Consumer Experience and Channel Performance
Leading Players Stimulate Impulse Buying with Product Innovation and Digital Expansion
Tambo+ Expands Aggressively to Consolidate Its Dominance as Rivals Lose Ground
Supermarkets in Peru
Key Data Insights
Supermarkets Summary
Wong Boosts Online Engagement to Support Supermarkets' Recovery From Retail Value Sales Contraction
Vega Market Accelerates Private Label Expansion to Capture Price-Sensitive Shoppers
Store Expansion into Underserved Areas and In-Store Initiatives to Push Growth
Supermarkets Prioritise Technology and Ai for Efficiency Gains
Some Disruption to a Highly Consolidated Competitive Landscape
Hypermarkets in Peru
Key Data Insights
Hypermarkets Summary
Hypermarkets' Value Proposition Attracts Consumers
Tottus Leverages Television Sponsorships to Boost Private Label Sales
Promotions and Digital Engagement to Win over Consumers
Operational and Technology Investments as New Store Growth Remains Constrained
Metro Accelerates Sales with New Store as Plaza Vea Retains Its Lead
Discounters in Peru
Key Data Insights
Discounters Summary
Proximity, Value and Flexibility Underpin the Allure of Discounters
National and International Expansion Adds Dynamism to the Mix
Mass and Tiendas 3A Plan Nationwide Expansion as Proximity Drives Channel Gains
Focused Assortment and Private Label Strategies Reinforce Pricing Advantage
Mass and Tiendas 3A Accelerate Expansion to Gain a Competitive Edge
Small Local Grocers in Peru
Key Data Insights
Small Local Grocers Summary
Neighbourhood Grocers Maintain Customer Loyalty with Tailored Offerings and Flexible Responses
Players to Focus on Personalisation and Flexibility to Maintain Customer Loyalty
Technology Adoption and Collaborations with Brands to Improve Operations
General Merchandise Stores in Peru
Key Data Insights
General Merchandise Stores Summary
Aggressive Expansion Drives Dynamic Performance for Variety Stores
Ripley Beauty Drives the Space and Demand for Premium Experiences
Falabella Strengthens Omnichannel Strategy with Digital Investment
Store Expansion and Brand Innovation to Add Dynamism to General Merchandise Stores
Falabella Consolidates Leadership with Strong Offline and Online Investments
Apparel and Footwear Specialists in Peru
Key Data Insights
Apparel and Footwear Specialists Summary
Platanitos Accelerates Online Shopping with Integrated E-Commerce and Fast Delivery
International Brands Invigorate Premium Retail at Jockey Plaza
Positive Growth Forecast Despite Headwinds
International Marketplaces to Challenge Incumbents with Price and Delivery Speed
Empresas Comerciales Leverages Store Network and E-Commerce to Surpass Topy Top
Appliances and Electronics Specialists in Peru
Key Data Insights
Appliances and Electronics Specialists Summary
Reconceptualisation of Physical Retail Space Fosters Consumer Engagement and Connection
Retailer-Finance Company Partnerships Drive Credit-Based Purchasing
Store Network and Product Line Expansions to Develop and Grow the Channel
Digital Integration to Strengthen Market Reach and Convenience
Successful Retailers Leverage Phygital and Financing Strategies
Home Products Specialists in Peru
Key Data Insights
Home Products Specialists Summary
Lifestyle/Emotional Engagement and Value for Money Deals Stimulate Robust Results
Retail Consolidation and the Rise of E-Commerce Provide the Key Trends in 2025
Financing Options to Boost Access to Home Improvement Products
Superpet to Capitalise on Rising Pet Care Spending with New Stores and Premium Products
Store Rebranding Project Helps Sodimac Extend Its Lead
Health and Beauty Specialists in Peru
Key Data Insights
Health and Beauty Specialists Summary
Channel Rebound as Pharmacies Recover and Beauty Specialists Surge
Rapid Digitalisation and Retail Space Reconceptualisation Drive Momentum
Pharmacists to Continue Their Rebound to Drive the Channel
Mifarma and Opticas Gmo Drive Expert-Led Experiences to Boost Consumer Loyalty and Sales
Inretail Pharma Invests in Store Network and Digital Strategies to Reinforce Dominance
Vending in Peru
Key Data Insights
Vending Summary
Digital Payment Adoption Drives Vending Growth in Public Spaces
Foods Vending Receives a Boost From Key Channel Trends
Wider Public Coverage and Payment Innovation to Drive Vending
Vending's Offer to Continue to Diversify
Direct Selling in Peru
Key Data Insights
Direct Selling Summary
Integration of Digital Platforms Transforms Purchasing
Beauty and Personal Care Products Fuel Demand
Preference for Beauty and Personal Care and Trusted Consultants to Strengthen Health and Beauty Direct Selling
Investments in Physical Stores to Add Convenience and Foster Engagement
The Competition Intensifies through Strong Company Activity
Retail E-Commerce in Peru
Key Data Insights
Retail E-Commerce Summary
Omnichannel Expansion as Purchasing Power Rises
Platanitos Leverages Marketplace Surge to Broaden Consumer Choice
Marketplace E-Commerce Shapes the Outlook as Competition Intensifies
Express Delivery Is the Standard to Win Repeat Business
Temu Marketplace Disrupts the Competitive Landscape
Country Reports Disclaimer
The following categories and subcategories are included:
Retail
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- Convenience Stores
- Forecourt Retailers
- Supermarkets
- Hypermarkets
- Discounters
- Warehouse Clubs
- Food/Drink/Tobacco Specialists
- Small Local Grocers
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- Department Stores
- Variety Stores
- Apparel and Footwear Specialists
- Appliances and Electronics Specialists
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- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
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- Beauty Specialists
- Pharmacies
- Optical Goods Stores
- Health and Personal Care Stores
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- Bags and Luggage Specialists
- Jewellery and Watch Specialists
- Sports Goods Stores
- Traditional Toys and Games Stores
- Other Non-Grocery Retailers
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- Fashion Vending
- Health and Beauty Vending
- Appliances and Electronics Vending
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- Alcoholic Drinks Vending
- Hot Drinks Vending
- Soft Drinks Vending
- Tobacco Products Vending
- Foods Vending
- Home Products Vending
- Other Products Vending
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- Apparel and Footwear Direct Selling
- Personal Accessories Direct Selling
- Eyewear Direct Selling
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- Beauty and Personal Care Direct Selling
- Consumer Health Direct Selling
- Tissue and Hygiene Direct Selling
- Appliances and Electronics Direct Selling
- Drinks and Tobacco Direct Selling
- Foods Direct Selling
- Home Products Direct Selling
- Other Products Direct Selling
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- Apparel and Footwear E-Commerce
- Personal Accessories E-Commerce
- Eyewear E-Commerce
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- Beauty and Personal Care E-Commerce
- Consumer Health E-Commerce
- Tissue and Hygiene E-Commerce
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- Consumer Appliances E-Commerce
- Consumer Electronics E-Commerce
- Toys and Games E-Commerce
- Drinks and Tobacco E-Commerce
- Foods E-Commerce
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- Home Care E-Commerce
- Home and Garden E-Commerce
- Pet Care E-Commerce
- Other Products E-Commerce
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- First-Party (1P) Marketplace E-Commerce
- Third-Party (3P) Marketplace E-Commerce
- Grocery E-Commerce
- General Merchandiser E-Commerce
- Apparel and Footwear Specialist E-Commerce
- Appliances and Electronics Specialist E-Commerce
- Home Products Specialist E-Commerce
- Health and Beauty Specialist E-Commerce
- Leisure and Personal Goods Specialist E-Commerce
- Other E-Commerce Retailers
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Retail
Retail is the sale of new and used goods to consumers from a business for personal or household consumption from retail outlets, kiosks, market stalls, vending, direct selling and e-commerce. Retail is the aggregation of Retail Offline and Retail E-Commerce. Excludes specialist retailers of motor vehicles, motorcycles, vehicle parts. Also excludes fuel sales, foodservice sales, rental transactions, wholesale sales (e.g. Cash and Carry), and sales through cannabis dispensaries in markets where cannabis is sold legally. Sales value excluding or including VAT/Sales Tax. Retail also excludes the informal retail sector. Informal retailing is retail trade which is not declared to the tax authorities. Informal retailing encompasses (a) sales generated by unregistered and unlicensed retailers, i.e. retailers operating illegally, and (b) any proportion of sales generated by a registered and licensed retailer that is not declared to the tax authorities. Unregistered and unlicensed retailers operate predominantly (although not exclusively) as street hawkers or operate open market stalls, as these channels are harder for the authorities to monitor than permanent outlets. Activities in the illegal market, which is usually understood to refer to trade in illegal, counterfeit or stolen merchandise, are included within our definition of informal retailing. Activities in the “grey market”, which is usually understood to refer to trade in legal merchandise that is sold through unauthorized channels – for example cigarettes bought legally in another country, legally imported, but sold at lower prices than in authorized channels – will be included as informal retailing if no tax is paid on sale by the retailer. However if the retailer pays tax – for example on cigarettes bought legally in another country but sold at a lower price than standard – the sale is included within formal retail.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Retail research and analysis database.
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