Retailing in China – Market Summary & Forecasts

Date: 2015-08

“• Despite sluggish economic situations, the retail sector registers a significant growth

• A rising middle class with increased disposable income and altering lifestyles are driving retail demand

• Retailer’s expansion plans in tier lll and tier lV cities will drive further growth

• A changing shopping mode from functional, deal driven to emotional, status driven, is creating new opportunities for both value for money and premium products

• Online platform will be a key channel for retailing over the next five years

• China is set to surpass South Korea as the largest Duty Free market in 2019

• A strong affinity towards brands and increasing fashion consciousness will result in more spending on clothing and footwear

• The food & grocery segment will continue to be dominated by local players”


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