Retail

As hypermarkets change Malaysia’s shopping landscape and economic pressures squeeze profits, the country’s retail sector should continue to maintain a healthy growth rate and become increasingly competitive.

With Mongolia’s mining resources set to generate huge national wealth in coming years, a rise in consumer and investor confidence will likely see the retail sector expand rapidly.

As the most populous country in Africa – and one recently experiencing some of the highest and most sustained GDP growth anywhere in the world – Nigeria is going through the early days of a major boom in its retail sector.

Underpinned by rising tourist arrivals and heating demand in the local economy, Dubai’s retail sector appears set to enter a period of solid growth. A recent study conducted by market research company RNOCS said that a strong tourism sector, combined with rising consumer confidence and soaring domestic consumption, would fuel growth in the retail sector across the UAE, with Dubai having become the focus of retail construction developments in the country.

As Turkey’s internet usage rises and opportunities for online shopping gain traction, the rapid expansion of the e-commerce market has attracted the attention of international players.

The Philippines’ retail sector will be looking to turn solid economic growth and burgeoning consumer confidence into profits over the coming year and beyond, though a lack of prime space in top-end malls and high street locations could see rental costs rise, draining black ink from the ledgers of some in the industry.