It seems site selection in Latin America is just as critical for companies outside the IT and BPO world. The rise of mall culture has highlighted this, as high-end retailers fight for precious space in and around what the Financial Times calls the region’s “destination malls.” There are already 1,800 malls across Latin America and another 150 are under construction. Some 130 malls have opened in Brazil alone since 2010. Zara parent Inditex says it plans to open up 30 more stores before year end to keep pace with the trend, and FT notes that American Eagle Outfitters and Gap are also expanding into Mexico and Chile. Sure, most headlines this year have touted the region’s impending economic tumble — but you certainly wouldn’t know it by looking at the shopping boom.