Business and its performance Overview of South African Retail IndustryBusiness and its performance Overview of South African Retail Industry
October 4, 2010
Bharatbook added a new report on “South African Retail Industry Forecast to 2013” provides comprehensive information and conceptual analysis of the South Africa retail market. By RNCOS.
South African Retail Industry Forecast to 2013
South Africa represents the largest retail industry in the Sub Saharan region and ranked as the 20th largest retail market worldwide. The country has recently hosted the 2010 FIFA World Cup that gave impetus to the retail industry by attracting a large number of foreign tourists. Besides, the retail industry has gained momentum in the backdrop of economic recovery from the global recession and fast pace infrastructure development. ( http://www.bharatbook.com/detail.asp?id=152023&rt=South-African-Retail-Industry-Forecast-to-2013.html )
As per our research report “South African Retail Industry Forecast to 2013”, the South African retail market was valued at US$ 82.7 Billion in 2009. The retail market has benefitted from the strong consumer confidence and high public spending on both food and non-food items. We have found that the non-food retailing will grow at faster pace than food retailing, with high spending on technical consumer goods. With the rising employment opportunities and low interest rates, the market is set for high growth in the coming years. We anticipate that the South African retail market will grow at a CAGR of 5% during 2010-2014 to US$ 118.7 Billion (2014).
Our report has identified different retailing segments namely the food retail and the non-food retail. The report has further segmented the non-food retail into clothing & footwear, cosmetics & toiletries, furniture, household cleaning products and consumer electronics.
The report has also studied the South African retail market in terms of different retail formats – convenience stores, supermarkets and traditional market. Convenience is a relatively new trend in South Africa’s Fast Moving Consumer Goods (FMCG) market. Major retailers and wholesalers own most of the convenience stores in South Africa. Supermarkets have been present in the country for more than 60 years and quite popular for providing fresh products.
The report provides comprehensive information and conceptual analysis of the South Africa retail market. It also shows the present and past market trends to give an idea about the industry developments. It also includes prediction of future trends not based on the complex model but are intended to provide a rough guide to the direction in which the market is likely to move. The report also provides a brief business description and performance overview of the main retailers, which will help the client in analyzing market dynamics and competition.
For more information kindly visit : http://www.bharatbook.com/detail.asp?id=152023&rt=South-African-Retail-Industry-Forecast-to-2013.html
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