Shopping Centers Today International

FEB 2016

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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evelopers and retailers will continue to expand in latin america this year, despite slower economic growth across the region. approximately 100 malls are on track to open across Brazil, colombia, Mexico, panama and peru, according to industry reports. retailers from abroad, among whom are H&M and Forever 21, remain enthusiastic about this market too. they have been expanding briskly there in recent years, along with such new entrants as France's decathlon sporting-goods chain and los angeles–based apparel-and-shoe chain a'Gaci. D Keep on BuildinG slowing economic growth across latin america isn't holding back its retail developers By María Bird Picó F e b r u a r y 2 0 1 6 / S C T 45 under construction under const "latin america is still one of the global regions where the shopping center industry will keep thriving," said Jorge lizán, managing director of new York city–based lizán retail advisors. "Mexico is the bright spot, but we will also see many new developments in colombia." such smaller markets as Bolivia, the dominican republic and paraguay will see growth too, lizán says. euromonitor international projections say retail sales in the region will rise by 1.5 percent this year, to $1.01 trillion. at press time the firm was saying that full-year 2015 sales results would probably be flat against the previous year, the weakest since a 0.7 percent year-on-year dip in 2003. in recent years latin america's retail sales growth has typically outpaced economic expansion. this year will be no exception, observers say: the regional economy is anticipated to expand by just 0.7 percent, well below the organisation for economic co-operation and devel- opment's 2.9 percent prediction for the global economy. But of course, even meager economic growth is better than last year's contraction, which was attributable mainly to the travails of Bra- zil and venezuela. this year's strongest performers will be Mexico, central america and the ca- ribbean, according to the economic commission for latin america and the caribbean, thanks

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