Peru Retail Report Q2 2013

The Peru Retail Report examines the long-term potential of the local consumer market, but flags short-termconcerns about the impact on Peru's economic outlook of possible substantial cuts to capital expenditureplans. The report examines how best to maximise returns in the Peruvian retail market while minimisinginvestment risk, and also explores the impact of a more aggressive slowdown in economic activity in the USor China than we are currently expecting on the Peruvian consumer and on the ability of producers andexporters to realise returns in the short term.

The report also analyses the growth and risk management strategies being employed by the leading playersin the Peruvian retail sector, as they seek to maximise the growth opportunities offered by the local market.