Fast Market Research recommends "Kuwait Retail Report Q1 2015" from Business Monitor International, now available
[USPRwire, Wed Jan 07 2015] Private consumption growth in Kuwait will remain robust over the coming quarters, supported by low interest rates, abundant liquidity conditions and increases in handouts. While the ARA index of consumer confidence has been heading slightly lower in recent months, the increase in the number of point-of-sale transactions (a proxy for retail activity) has remained elevated, standing at 18.4% year-on-year in Q114.
The Kuwait Retail Report provides an extensive and comprehensive forecast of various retail indicators including household spending and headline total spending across each retail subsector, household income and employment forecasts, demographic forecasts and a detailed breakdown of household and per capita spending across a large number of retail areas including food & drink, clothing & footwear, household goods and a number of other subsectors.
Kuwait's economy will grow at a modest pace over the coming quarters as the dominant oil sector weighs on headline growth. We forecast real GDP growth of 2.9% in 2014 and 2.7% in 2015, from an estimated 3.0% in 2013. Private consumption growth will remain robust over the coming quarters, supported by low interest rates, abundant liquidity conditions and increases in handouts.
International retailers have long targeted Kuwait as one of the most lucrative markets in the Middle East, with net income per household forecast to reach USD47,838 in 2015. High-end retailers present in the Kuwaiti retail market include Chanel, Burberry, Louis Vuitton, Prada and Christian Dior. Increasingly sophisticated shopping centres are being developed, offering further opportunities for retailers. We see long-term potential in the Kuwaiti consumer market, particularly for non-essential items and aspirational purchasing by younger consumers whose incomes are rising. However, Kuwait's small population limits opportunities for retailers. Nevertheless, the steady rise in household income represents a strong boost for...
The Kuwait Retail Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.
BMI's Kuwait Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.
Key Benefits
* Benchmark BMI's independent retail industry forecasts for Kuwait to test other views - a key input for successful budgeting and strategic business planning in the Kuwaiti retail market.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
You may also be interested in these related reports:
