Poland Retail Report - Business Monitor International - Industry Reports

Poland Retail Report

Poland Retail Report - Business Monitor International - Industry Reports
Poland Retail Report
Published Aug 27, 2016
66 pages — Published Aug 27, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

In July ---- Poland s ruling Law and Justice party approved the implementation of a new retail revenue tax which imposes a -.- on monthly sales revenue between PLN--mn and PLN---mn and a -.- levy on monthly sales venue over PLN---mn. The government claims this will benefit smaller chains competing with large foreign retailers however critics argue the tax will deter investors in a market where profit margins are already slim. ...In July ---- Poland s ruling Law and Justice party approved the implementation of a new retail revenue tax which imposes a -.- on monthly sales revenue between PLN--mn and PLN---mn and a -.- levy on monthly sales venue over PLN---mn. The government claims this will benefit smaller chains competing with large foreign retailers however critics argue the tax will deter investors in a market where profit margins are already slim. Poland presents retailers with one of the largest potential consumer markets in the region, with a population of around --.-mn (in ----). Urbanisation rates are also growing, with the percentage of the population living in urban areas forecast to reach --.- in ----. Improving employment rates amidst a tight labour market is boosting income levels and the number of households in the key USD--,---+ bracket is expected to reach almost -.-mn in ---- - accounting for almost -- of all households and indicating an increasingly afluent consumer base.

...BMI View: The growth outlook for Poland s large and diversified retail market is mostly positive. Healthy economic growth in the country, where GDP is forecast to increase by -.- in ----, along with falling oil prices and strong employment growth all indicate a rise in average household income rates and we are currently forecasting spending increases across all retail subsectors when measured in local currency terms, though the loss of the value of the zloty against the dollar means in US dollar terms the market will contract in the short-term, before returning to positive growth. ...BMI View: The growth outlook for Poland s large and diversified retail market is mostly positive. Healthy economic growth in the country, where GDP is forecast to increase by -.- in ----, along with falling oil prices and strong employment growth all indicate a rise in average household income rates and we are currently forecasting spending increases across all retail subsectors when measured in local currency terms, though the loss of the value of the zloty against the dollar means in US dollar terms the market will contract in the short-term, before returning to positive growth. ...A number of government policies enacted in recent months have been seen as anti-foreign investment and there are limitations in the labour market which will hamper both the sourcing of adequate skilled labour and hamper wage growth over the coming years.

...A deterioration of the situation in Ukraine could lead to further economic sanctions from Russia, affecting Polish exports and slowing the country s economic growth. The share of the population aged between -- and -- will shrink over the forecast period, suggesting a declining consumer base in the long term. Inability to adopt the euro could cause tensions in the country s relationship with the EU and hinder Poland s integration into the EU economy. Right-wing Law and Justice party government, led by Prime Minister Beata Szydlo, could enact isolationist measures, reducing Poland s appeal for foreign retailers. The UK s vote to exit the EU and potentially place stringent controls on EU migrant workers could impact heavily upon remittances to Poland. ...

  
Source:
Document ID
2040-9192
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. "Poland Retail Report" Aug 27, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Poland-Retail-Report-2026-950>
  
APA:
Business Monitor International - Industry Reports. (2016). Poland Retail Report Aug 27, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Poland-Retail-Report-2026-950>
  
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