Philippines Retail Report - Business Monitor International - Industry Reports

Philippines Retail Report

Philippines Retail Report - Business Monitor International - Industry Reports
Philippines Retail Report
Published Sep 10, 2016
63 pages — Published Sep 10, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Through to ---- we expect strong growth in spending in the health and transport categories, although health in particular will be from a low base. Growth in opportunities for retailers will be supported by growth in the number of households by an average of -.- per annum between ---- and ----, to --.-mn households. ...Growth in opportunities for retailers will be supported by growth in the number of households by an average of -.- per annum between ---- and ----, to --.-mn households. Alongside this growth, net average household income is forecast to rise from USD-,--- in ---- to USD-,--- by ----, and the share of households earning above a net income of USD--,--- will to increase from --.- in ---- to --.- in ----, while the proportion earning USD-,--- or over will rise from --.- to --.- . The key young adult (----- years old) demographic will experience strong growth, reaching --.-mn in ---- (up from --.-mn in ----). ...Duty Free Philippines and Landmark Management Services are collaborating on the country s first luxury, duty free galleria-style store in Manila. The store, due to open by May ----, will house goods including high-end fashion, cosmetic and drinks.

...BMI View: Growth in the Philippines retail market will be supported by rising wages and disposable incomes, with a young urban population keen to make aspirational purchases. We expect significant opportunities for expansion and new market entrants in urban areas, as lifestyles become more aspirational. However, opportunities diverge markedly between urban and rural areas. The overall low urbanisation rate, the country s geography and the relatively low incomes of rural dwellers mean that opportunities to expand outside the cities will remain limited. However, opportunities diverge markedly between urban and rural areas.

...A low-cost, educated, English-speaking workforce is the Philippines greatest business strength, and is particularly a draw for global retail companies. A large and growing population is supporting growth in household spending in the retail sector. ...A large and growing population is supporting growth in household spending in the retail sector. The Philippines has a relatively youthful population, with the young adult ----- age bracket set to see strong growth in the medium term, benefiting retailers seeking to establish brand loyalty and to sell to those with the most disposable income and aspirational lifestyles. Household incomes are substantially bolstered by remittances from family members working abroad. ...

  
Source:
Document ID
2040-9133
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. "Philippines Retail Report" Sep 10, 2016. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Philippines-Retail-Report-2026-944>
  
APA:
Business Monitor International - Industry Reports. (2016). Philippines Retail Report Sep 10, 2016. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Philippines-Retail-Report-2026-944>
  
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