Consumer credit in Chile is facing some challenges in 2024, due to overall economic uncertainty, inflation, and tight credit policies. That said, a decline in rates since late 2023 has revived credit card usage, although inflationary pressures continue to influence borrowing behaviours, limiting con...
Apparel and footwear in Chile is showing significant signs of improvement in 2024 following a year marked by stagnation and low growth. The country has faced historically high double-digit inflation rates, in line with the region. However, after efforts by the Central Bank through interest rate hike...
The decline in retail volume sales was strong in womenswear, as in many categories, due to stubbornly high inflation which has eroded purchasing power. More flexible lifestyles and dress codes are leading to more casual styles and outfits among Turkish women. Meanwhile, interest in health and wellne...
Sportswear in Chile continues to gain momentum among local consumers, registering sustained growth since the reopening of retail post-pandemic. Sportswear has become the flagship category of apparel and footwear, not only due to its direct relationship with sports but also because of other drivers s...
Childrenswear in Chile struggled in 2023, primarily due to the challenging economic landscape marked by persistent inflation, which compelled local consumers to exercise caution in their discretionary spending patterns. With the elevated cost of living, families increasingly prioritised essential ex...
Retail volume sales of hosiery in Chile are rising strongly in 2024, following a marginal drop the previous year when the category was impacted by unfavourable weather conditions and low consumer spending. The improved performance in 2024 is being driven by a lower comparative base and signs of a re...
Over 2022-2023, retail volume growth of jeans in Chile notably slowed following 2021's dynamic performance. During this time, many Chilean consumers prioritised their spending amid an unstable economy, characterised by significant inflation rates. Faced with these financial pressures, many consumers...
Retail volume sales of apparel accessories in Chile declined in 2022 and 2023, largely due to the prioritisation of purchases by Chilean consumers in response to inflationary pressures in the country. However, in 2024, the category is showing renewed signs of dynamism with double-digit volume growth...
Retail volume sales of menswear in Chile have been experiencing a resurgence, posting double-digit growth in 2024. This growth has been primarily driven by the competitive pricing that has defined Chilean retail during the first half of the year, particularly among the private label ranges of major ...
Retail volume sales of footwear in Chile are rising in 2024, following 2023's decline as a result of economic uncertainty and inflationary pressures. Value growth in 2023 was strongly influenced by price increases within the category, where the average price rose by 11%. This had a particularly nega...