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South American Retail Giant Ripley Shows Signs of Recovery

A Ripley department store in Puerto Montt, Chile. Shutterstock
A Ripley department store in Puerto Montt, Chile. Shutterstock

One of South America’s most prominent retail conglomerates continues to show signs of recovery from the pandemic’s effects on its business, reporting Q1 revenues of $457 billion Chilean pesos ($548 million), an increase of 21.7 percent year-on-year, a record figure for first quarter growth.

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