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Follow on Google News | Retail Industry Gaining Momentum in South AfricaRetail sector is anticipated to reach around US$ 155 Billion by 2014, growing at a CAGR of around 2% during 2010-2014, acknowledged RNCOS in its latest research report.
By: Shushmul Maheshwari Ongoing research revealed that, the retail market has benefited 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 a faster pace than food retailing, with high spending on technical consumer goods. Moreover, it was observed that change in consumer shopping pattern will further encourage the big retail brands to invest huge chunk of money to develop modern retail outlets in the country. South African black consumers now prefer convenience stores, supermarkets, and other modern retail outlets for shopping compared to the traditional markets. This is mainly due to the presence of more consumer-friendly environment and availability of diversified products in these retail outlets. With the increase in penetration rate and rising number of internet users, the trend of online retailing will become more prevalent and drive the market in the coming years. “South African Retail Industry Forecast to 2013”, has been authored to evaluate the growth potentials of the Brazilian retail industry. It is an outcome of extensive research and conceptual analysis of the industry and provides information on all prominent segments of the industry. Further, the report discusses about the various aspects of the retail industry, such as industry performance, future prospects, growth opportunities, etc. 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. Additionally, the report sheds light on the emerging industry trends, which are expected to decide the future of the region’s retail sector. For FREE SAMPLE of this report visit: http://www.rncos.com/ Check DISCOUNTED REPORTS on: http://www.rncos.com/ # # # RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner. End
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