China's retail industry has embarked on a new phase of development. The customary large-sized departmental stores continue to serve a large section of the populace; Organized Retail manifested through Hypermarkets & Supermarkets will emerge to satisfy the demand for an alluring shopping experience. Supermarket chains, specialty & convenience stores are likely to mushroom with the change in the consumption patterns.
National Bureau of Statistics reveals that the figures for consumer goods sales in the retail sector, during the first quarter of 2006 stands at RMB 3645 billion Yuan. The year-on-year growth rate is impressive, standing smartly at 13.4 %. The high-speed and zealously revenue driven nature of the retail sector has been conspicuous since 2005.
In the backdrop of fragmented structures in the retail industry, unorganized sector has an equal standing with the overseas-organized retailers. However, industry experts muse that foreign retailers will eventually have an edge changing the course of the competition.
RNCOS’ recently published report entitled “China Retail Sector Analysis (2006-2007)” reveals the evolving face of the Retail Sector in china. In 2005, the total size of the market exceeded U.S $ 755 billion & grew at an impressive average annual rate of 6.7%. China Retail Sector offers enormous opportunities for global players.
Rapid economic growth has fuelled growth in China retail industry with rising demand from the emerging middle class, with high disposable income.
Key Highlights:
? The future prospects of China Retail Industry.
? The Key competitors in China Retain Industry.
? The Opportunities in China Retail Sector for the organized retailers.
? The driving forces in China Retail Industry.
? The Challenges in China Retail Sector.
? The major regional Retail markets.
This report helps clients in analyzing the factors critical to the success of China Retail Sector. Detailed data and analysis helps potential investors to navigate through the evolving Retail market in China.
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