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The Chilean retail market is considered to be sophisticated and is tailored to all the different levels of society. It connects seamlessly to the increasing young urban population and the rising purchasing power of the middle class, good for 10% extra growth in 2011. There is a small luxury goods market for Chile's upper class; a wealth of shopping malls and department stores catering for Chile's middle class; and traditional street markets appealing to the tighter budget of the lower classes.
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