Posts Tagged ‘AT Kearney’
Social Research Digest – July 2012
The A.T. Kearney Global Retail Development Index (GRDI) ranks the top 30 emerging countries for retail development. It identifies opportunities for global retailers to invest in developing markets.
- Brazil, Chile and China top the index for retail opportunities in developing markets.
- The 2012 GRDI shows an increasingly global world.
- While the BRIC nations still have an impact, there are many opportunities in some of the smaller markets around the globe.
- The annual index is based on 25 indicators and helps mass merchant and food retailers evaluate expansion opportunities in emerging countries.
- The GRDI indicates many opportunities for retailers – not only in BRIC countries but also in small untapped markets such as Oman, Mongolia and Georgia.
- Brazil tops the index, and market made attractive by reduced political and economic risk and high per capita spending.
- Chile, ranked second, has one of the most sophisticated and competitive markets in Latin America.
- It also has high per capita spending, making it a potential market for luxury goods.
- Although China is third due to high expected sales growth, it faces many challenges including increasing inflation and labour costs.
- Botswana is the Best New Market for Global Retailers, driven by long-term growth prospects and increasing investment in the private retail sector.
- South Africa dropped from the rankings this year due to saturation of international retailers.
- Trends in the Middle East include growth of private labels and on-line shopping.
- Oman and the UAE both show strong retail prospects.
- Malaysia tops the Retail Talent Index due to low-cost labour, favourable regulations and a well-educated population; China ranks second.