New Zealand Retail Report - Business Monitor International - Industry Reports

New Zealand Retail Report

New Zealand Retail Report - Business Monitor International - Industry Reports
New Zealand Retail Report
Published Aug 30, 2016
67 pages — Published Aug 30, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Housing and utilities will continue to claim a large share of household spending, propped up by high utility bills, though we do expect to see promising growth in other retail sectors such as clothing and footwear and restaurants and hotels. A number of leading global fashion retailers are expanding in New Zealand. ...A number of leading global fashion retailers are expanding in New Zealand. H&M is due to open two new stores in the country, both located in Auckland, by the end of ----, while Top Retail Group will open a new Topshop Topman store in Wellington in ---- and in Christchurch in ----. More remote cities such as Invercargill are also attracting retailer interest. ...More remote cities such as Invercargill are also attracting retailer interest. Australian retailer Kmart is reportedly currently looking for a suitable development site in the city as part of plans to expand throughout New Zealand, where the group plans to open two or three new stores annually through to ----.

...BMI View: The growth outlook for New Zealand s retail sector is mixed. On the one hand the country presents an open and attractive investment environment which will continue to draw in major global retailers, with a number of new additions to the market expected in the coming year. ...On the one hand the country presents an open and attractive investment environment which will continue to draw in major global retailers, with a number of new additions to the market expected in the coming year. On the other hand, slowing economic growth will dampen household consumption growth in ----, and the retail sector faces a challenge from the weak local currency which is dampening sales volumes in US dollar terms. Essentials spending will continue to account for the bulk of household spending, though we are seeing growth in other sectors as the retail sector diversifies and retail options are expanded. ...Essentials spending will continue to account for the bulk of household spending, though we are seeing growth in other sectors as the retail sector diversifies and retail options are expanded.

...We are broadly maintaining our current forecasts for growth in total retail spending this quarter, when measured in local currency terms, with spending rising from NZD---.-bn in ---- to NZD---.-bn in ----. The short-term outlook is less positive in US dollar terms, with currency movements reflected in a contraction of -.- in ---- and -.- in ---- before returning to growth over the remainder of the forecast period to reach USD--.-bn in ---- (compared to USD--.-bn in ----). ...

  
Source:
Document ID
2058-640X
Country
Industry
Format:
PDF Adobe Acrobat
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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. "New Zealand Retail Report" Aug 30, 2016. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/New-Zealand-Retail-Report-2026-1696>
  
APA:
Business Monitor International - Industry Reports. (2016). New Zealand Retail Report Aug 30, 2016. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/New-Zealand-Retail-Report-2026-1696>
  
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