NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2008/07/07 - Brazil’s retail industry is rapidly growing on the back of high economic growth, rising consumer expenditure and diversification of amenities, says new research report.
A new research report by RNCOS, “Opportunities in Brazil Retail Sector (2007-2011)”, says that Brazil is one of the world’s largest retail markets, and due to high economic growth, rising consumer spending and increasing GDP, the Brazilian retail industry grew at an estimated CAGR of 10.8% from 2001 to 2006.
But in spite of rapid expansion of Brazil’s retail industry, there still remains a vast room for growth of the US-style malls (known as “shopping’s” locally), especially in less affluent parts of the country where penetration of the organized retailing is relatively low. The report adds that the expansion of the organized retailing will be strengthened, on one side, by diversifying facilities such as cinema, banks, travel agencies and post office provided in commercial shopping centers, and on the other side, by boosting the construction of new shopping centers near frequently visited places such as airports and metro stations.
Besides, says the RNCOS research, the rising income level in Brazil will also enable its people to consume more, subsequently driving the retail industry in near future. Hence, the increasing consumer spending grounded on continued economic growth will propel the Brazilian retail industry towards growth.
Apart from this, the report provides rational forecast on the performance of various segments of the Brazilian retail industry, including apparel industry, footwear industry and household appliances.
“Opportunities in Brazil Retail Sector (2007-2011)” is a comprehensive research on Brazil’s retail industry. It gives comprehensive information on various aspects of the retail industry, such as current and past performance, growth opportunities, future prospects, industry drivers, challenges etc. The forecast provided in the report is not based on complex economic models but roughly tells about the direction in which the industry is expected to move.
The research study also gives an in-depth analysis on various segments of the Brazilian retail industry, along with existing retail formats in the country, and enables clients to understand the framework of the Brazilian retail industry.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.