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Department Stores in Lima
Even if in Lima opened at the end of the 19th century one of the first department stores in Latin America, shopping there was for decades reserved to the upper class. In 1955 a second department store chain started business in the capital and Peruvian middle class families slowly could afford and enjoy shopping at a department store. During Peru's economic collapse with hyper-inflation and terrorism in the 1980s, the business was nearly dead. But with the overall recovery of the country in the late 1990s and the increasing purchasing power of some department stores finally found their way back to Peru.
Today Lima is home to numerous western style department stores belonging to the three mayor retail players Oechsle, Ripley and Saga Falabella. Here you find everything from local and imported fashionable clothes including well-known brands, shoes, perfumes and beauty products, toys, electric household and entertainment appliances, toys, furniture, home decoration and much more. All three have their own bank, accommodating their customers with cash and credit cards.
Payment can be made in cash Soles or Dollars. Visa and Master Credit Cards are also a common method of payment (as a foreigner take your Passport or Carne with you, as a national your DNI). Most department stores open Monday through Sunday at around 11.00 am and close latest by 10.00 pm.
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The Chilean company Ripley opened its first department store in 1997 in Lima's Jockey Plaza. They gave customers at this time a completely new and unique shopping experience by implementing a modern décor and offering a wide range of imported products including brands known all over the world. Today you find numerous outlets spread over the capital.
In 1988 Sears Peru, a well known department store chain, transformed into a company called Saga. Saga merged in 1995 with the Chilean retailer Falabella. Over the coming years Saga Falabella constantly expanded in Lima and Peru. Today they offer their customers a wide range of fashionable clothes, shoes, beauty products, household appliances, toys, furniture and accessories.
The Oechsle department store has an almost legendary status. Being the first department store in Lima at the beginning of the 20th century and the only one where the upper class could get elegant and stylish items nowhere else to find in Lima, it went bankrupt in the 1990s. In 2009 Oechsle re-opened again and is expanding in Lima and Peru's provinces.
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