AT-Kearney: The 2013 Global Retail Development Index ™ Global retailers cautiously aggressive or aggressively cautious - free report
Consultancy A.T. Kearney has published their annual Global Retail Development Index. The index indicates that South America is blossoming as Brazil, Chile, and Uruguay take the top three spots in the Index. Brazil tops the GRDI for the third consecutive year. Despite a GDP slowdown (1 percent in 2012), retail spending remains strong and is expected to rise 11 percent in 2013 thanks to continued expansion, organic growth, infrastructure improvements, and rising consumer confidence. Stronger employment rates and increased credit access for Brazil's middle class are proving attractive to retailers.
China (4th) falls one spot in the rankings, but its retail market remains irresistible to global retailers of every stripe. With double-digit sales growth and rising consumer demand (albeit somewhat more slowly), China remains a dynamic retail environment. The luxury segment has suffered recently as consumers purchase more goods abroad. Major luxury brands are rethinking their expansion plans in China. E-commerce now represents as much as 10 percent of retail revenues in some categories. Total online sales reached $207 billion in 2012, and continued growth is expected.
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