Companies: Ripley’s sales in Peru fell 76.1% in the second quarter of e

Ripley’s revenues in the retail segment decreased 66.4% in the second quarter of 2020, compared to the same period in 2019, due to a 61.3% drop in sales in Chile and a 76.1% drop in Peru.

As reported by Financial Newspaper of Chile, the banking segment of Ripley suffered a 14.7% decrease in Banco Ripley Chile and a growth of just 1.2% in Banco Ripley Peru.

It’s a statement, Ripley Sincerely, the drop in its results due to the prolonged closings of stores and bank branches, and in those that have been able to operate, due to sanitary measures that restricted hours, capacity and staffing.

However, the retailer highlighted that this effect was “Partially offset by unprecedented growth in our digital channels, and lower administration expenses”.

Thus, the online sale of Ripley increased significantly, as it rose 111% in the first quarter compared to the same period of the previous year, representing 93% of total sales retail.

Ripley explained that as part of the economic reactivation of both Chile and Peru, it is currently in the process of gradual reopening of its physical operations.

In that sense, he explained that Peru already has 24 stores and 27 operational bank branches, according to the newspaper La Tercera de Chile.