Vintage Antique Argentinian Buenos Aires Wooden Shop Stand/Fitting/Display Hats/Gloves/Plates???

I have absolutely no idea what the original purpose of this stand was. Somebody at sometime has attached green felt baize to the back but I think it should have hung on the wall!? Measures 300mm long x 178mm wide and the highest post measures 185mm high. There is natural wear to the edges which might indicate plate display. Retailers original plastic label is still attached and reads ‘Bazar Ingles - Wright Soc Anon - Buenos Aires’. Wood couple be mahogany?

Please look at all photos for a better idea of condition as I use the macro setting on a Leica lensed Lumix camera, also roll over the eBay picture for more detail.

P1200227