Retail Elite: Uruguay Shoppers Spend The Most In Latin America

Patrick Archer competitiveness, foreign investment, franchises, global rankings, real estate, uruguay

Consumers in Uruguay spend more per capita than shoppers in any other Latin American country, according to a new study from Euromonitor International. The report, which focused primarily on grocery store expenditures, found Uruguayans spent US$730 per capita in 2012 which is 61% more than the number two Latin American market, Chile, where consumers spent US$453. Uruguay shoppers left the …

Gap Says “Hola” To Uruguay Malls & Duty Free Shops

Patrick Archer foreign investment, lifestyle, uruguay

When winter rolls around, the Gap pullover is one of the most ubiquitous garments of clothing seen on the streets of Buenos Aires. For locals, the three-letter hoodie is somewhat of a fashion statement telling others you’ve been to Bogota, Santiago or Aventura, the closest towns with Gap retail outlets…until now. San Francisco-based Gap Inc. is saying hello to Uruguay …