With a surface area of 1.29m sq km and 2414 km of coastline, Peru is the third-largest country in South America. It has a population of 28.2m, 30.2% of which is under the age of 14. While there is no official religion, the majority of Peruvians are Christian, and the Catholic Church plays an important role in the country’s culture.
At first glance, South Africa’s retail sector is similar to that of many other countries in Africa, marked by a mixed system featuring elements of both traditional and modern retailing. The country’s emerging middle class is accelerating the pace of change, but the bulk of customers remain highly sensitive to price, and non-traditional distribution...
To what extent can retail spend be used as a barometer for the overall state of the economy?
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