Although inflation is projected to remain relatively high compared to pre-pandemic levels, it is expected to decline slightly in Guatemala in 2023. With the COVID-19 pandemic largely in the past for most consumers, the extreme swings in retail foot traffic experienced over the past few years are unlikely to continue.
Elektra, one of the most significant players in the appliance and electronics specialists channel in Guatemala, is in the process of expanding its store network to continue its healthy growth over the forecast period. Elektra's success in Guatemala is attributed to its product selection, knowledgeable staff, and well-maintained stores.
During the COVID-19 pandemic, small traditional grocery retailers gained even more importance, and as a result, retail brands are now investing and paying special attention to these retailers. In 2023, the Industrial Bank (BI) and the Guatemalan Chamber of Food and Beverages (CGAB) are expected to continue providing special guidance to certain retail owners, offering financial education and management advice to help them improve their businesses.
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Understand the latest market trends and future growth opportunities for the Non-Grocery Retailers industry in Guatemala with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Non-Grocery Retailers industry in Guatemala, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Operators whose primary focus is selling merchandise that is not food/drink/tobacco from retail outlets, kiosks, or market stalls. This is the aggregation of general merchandise stores, apparel and footwear specialists, appliances and electronics specialists, home products specialists, health and beauty specialists, leisure and personal goods specialists, and other non-grocery retailers.See All of Our Definitions
This report originates from Passport, our Non-Grocery Retailers research and analysis database.
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