Israel Retail Report - Business Monitor International - Industry Reports

Israel Retail Report

Israel Retail Report - Business Monitor International - Industry Reports
Israel Retail Report
Published Sep 03, 2016
66 pages — Published Sep 03, 2016
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Abstract:

Recurrent military action impacts domestic confidence and reduces tourism receipts, with summer ---- s Operation Protective Edge depressing retail sales and adversely affecting the tourism industry. Israel has the second worst inequality amongst all developed economies, posing a direct threat to income growth in the country s poorer households. ...Recurrent military action impacts domestic confidence and reduces tourism receipts, with summer ---- s Operation Protective Edge depressing retail sales and adversely affecting the tourism industry. Israel has the second worst inequality amongst all developed economies, posing a direct threat to income growth in the country s poorer households. Cultural barriers are preventing a sizeable percentage of women from joining the workforce, restricting potential growth in household income. ...The shekel s depreciation against the US dollar has made imports much more expensive for the country s consumers. Israel s small population and limited share of young adults limits opportunities for retailers.

...BMI View: We maintain our positive outlook for Israel s retail sector and forecast total household spending to grow by -.- in ----. Elevated domestic and regional security threats, while continuing to suppress tourism receipts, look unlikely to have any significant negative impact on our forecast strong growth in consumer spending. ...Elevated domestic and regional security threats, while continuing to suppress tourism receipts, look unlikely to have any significant negative impact on our forecast strong growth in consumer spending. While the balance of household spending between essentials and non-essentials will have changed very little in ----, strong growth in spending on non-essentials categories like restaurant & hotels indicates that consumer confidence remains high. While the balance of household spending between essentials and non-essentials will have changed very little in ----, strong growth in spending on non-essentials categories like restaurant & hotels indicates that consumer confidence remains high.

...Sweden-based homeware retailer IKEA announced in June ---- that it would be opening three more stores in Israel over the next two years (one each in Beersheva, Jerusalem and Tel Aviv). Following the successful launch of an e-commerce website last year by Electra Consumer Products for its Machsanei Hashmal chain of electronics stores, the company intends to do the same for its other major electronics retail brand, Shekem Electric, during ----. ...Sweden-based homeware retailer IKEA announced in June ---- that it would be opening three more stores in Israel over the next two years (one each in Beersheva, Jerusalem and Tel Aviv). Following the successful launch of an e-commerce website last year by Electra Consumer Products for its Machsanei Hashmal chain of electronics stores, the company intends to do the same for its other major electronics retail brand, Shekem Electric, during ----. It was reported widely in June ---- that a new chain of pharmacies plans to open in Israel later in the year. ...

  
Source:
Document ID
2040-9273
Country
Industry
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Israel Retail Report" Sep 03, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Israel-Retail-Report-2026-910>
  
APA:
Business Monitor International - Industry Reports. (2016). Israel Retail Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Israel-Retail-Report-2026-910>
  
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