New Market Research Report: Mixed Retailers in Colombia
La Polar, which arrived in Colombia in 2010 and reached five stores in the country, decided to close its operations as a result of a poor performance, along with factors like the increase in import tariffs in 2013 for apparel and footwear that contributed to erode even more of its profits. The financial difficulties that its headquarters faced in Chile also had a negative impact on operations in Colombia.
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