Tottus

Tottus is a chain of Peruvian supermarkets that competes with Wong, Metro and Plaza Vea supermarkets.[1]

History

The company was established in 2002, and was acquired by Chilean retailer Falabella in 2005. The company has twenty-six locations with over a dozen in the Lima Metropolitan Area and others throughout the remainder of the country, as well as in Chile.[1] Tottus has announced plans to further expand within Chile, and into Colombia and Argentina, with as many as forty new locations in 2011.[1] The company follows the supermarket model and currently has 6.5% of market share in Peru.[1] The company's goal is to reach ten percent in 2011.[1]

Notes
  1. Retail Chile Falabella To Open 40 Stores Regionally In 2011 - Report Archived copy, by Anthony Esposito, Dow Jones News, November 12, 2010
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.