Ripley Corp. Reports Record Second Quarter as it Consolidates Mall Investments & Sees Bank Profit Surge
LIMA, peru – Ripley Corp. announced a record second quarter performance, posting operational results of $29,199 million Chilean pesos – a 42% increase compared to the same period in 2023. The strong results come as the company continues to consolidate its mall investments in Iquitos and San Juan de Lurigancho (SJL), and following the recent closure of its flagship store on Jirón de la Unión.
The positive financial figures reflect Ripley’s strategic focus on adapting to customer needs across all segments, according to Corporate CEO Lázaro Calderón.“Performance reflects the strength of our business model and our ability to adapt to the needs of customers in all our segments,” Calderón stated. Ripley Peru Bank also contributed significantly, registering a profit of $3,393 million (CLP), representing a $6,731 million growth year-over-year.
Ripley’s investments extend beyond financial performance,with ongoing improvements planned throughout its mall network. The company recently highlighted increased winter sales and the accomplished operation of its malls in SJL and Iquitos as key drivers of growth, signaling a continued commitment to Peru’s retail landscape despite the closure of the historic Jirón de la Unión location.
