Supermarket expansion in Peru

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LIMA -- The Wong Group, which runs E. Wong and Metro supermarkets, plans to open 16 new stores in Lima in 1999.

The company currently runs 18 supermarkets in Lima. In addition to expanding its stores and improving its services, President Erasmo Wong says the chain will soon begin construction on cinemas next to its five Metro markets in Lima.

Wong predicts a 20% growth in sales this year. The chain registered sales of roughly $400 million in 1997.

Wong's major competitor, Santa Isabel, also continues to expand in Lima, inaugurating its sixth store in the city in late August. Santa Isabel also plans an expansion similar to that announced by Wong in the coming year.

Copyright August 1998, Crain Communications Inc.

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