AT Kearney's Hot Destinations for Retail March, 2013
AT Kearney's Hot Destinations for Retail Revealed At a time, when the global economy is facing the heat of the recession and the developed countries are struggling to post positive growth, retailers of the developed world are looking out for ways to expand their top line. One of the immediate ways to achieve this is by capturing the growth advantage that developing and emerging nations bring. AT Kearney helps retailers identify the top emerging destinations for retail expansion through a ranking, better known as Global Retail Development Index (GRDI). The GRDI analyzes 25 macroeconomic and retail-specific key performance indicators that help identify top 30 developing nations for potential retail investments.
Source: AT Kearney’s 2012 Global Retail Development Index
The 2012 (11th) edition of the GRDI was released by the AT Kearney's Global Consumer Institute in June 2012. According to the 2012 GRDI, Brazil (1st) and Chile (2nd) have retained their top spots, for the second straight year. Uruguay (4th) which lost one place to China was among the other Latin American countries which made in the top five globally. In total, seven Latin American countries including Peru (10th), Colombia (23rd), Panama (24th) and Mexico (28th), featured in the list of top 30 developing nations. Peru, Colombia, Panama and Mexico were positioned at 7 th, 24th, 26th and 22nd, respectively in 2011. In Asia, China (3rd) jumped three levels up on the expected double-digit annual retail sales growth; whereas, India (5th) lost one level to Uruguay. China and India were the only Asian economies that made in the top 10. Malaysia (11th) and Sri Lanka (15th) hosted the highest growth, climbing up eight and six spots, respectively. Indonesia (16th) and Philippines (29th) were among the other Asian economies that lost their spots of 2011. Indonesia and Philippines were positioned at 15 th and 29th, respectively in 2011. The 2012 GRDI also features four GCC countries namely – UAE (7th), new entrant Oman (8th), Kuwait (12th) and Saudi Arabia (14th). UAE jumped one place up from 8th position in 2011, whereas Kuwait and Saudi Arabia lost seven and four spots, respectively in 2012. While major developing nations, especially BRICs, continue to add growth to be the source of overall growth of retail, countries like Georgia (6th), Oman (8th) Mongolia (9th) Azerbaijan (17th), Jordan (18th) and Botswana (20th), have been showing progress to become hot retail destinations, especially for specialty and luxury retail. Source: All data from secondary sources; Sutherland analysis
AT Kearney’s Hot Destinations for Retail Revealed
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