"Israel Retail Report Q3 2016" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Wed May 25 2016

We hold our positive outlook for Israel's retail sector and forecast total household spending to grow by 4.6% in 2016. The recent VAT cuts and reduction of water and public transporta tion tariffs , combined with historically low bank interest rates and a strong labour market situation, will boost household spending across all retail sectors over the coming year. However, we note that housing & utilities will absorb the majority of spending growth as Israeli households will feel increasingly confident to purchase new homes or invest their savings into real estate.Key Views And DevelopmentsTotal household spending is forecast to register a compound annual growth rate of 7.5% between 2016 and 2020. This will lift the absolute spending figure to USD169.1bn, up from USD117.9bn in 2015. Despite its current dominance, housing & utilities will be the fastest growing segment in absolute and proportional terms during our forecast period.The essential products and services will continue to account for the majority of household spending over the next five years, with expenditures on housing and utilities, food & drink and transport together amounting to more than 60% of the total budget.UK-based fashion retailer Next is considering entry into the Israeli market, according to company reports in January 2016. The company is already enjoying a successful line of deliveries to the country and enjoys high online popularity among younger segments of the population (Globes.co.il).In March 2016, the leading Israeli clothing and footwear retailer Fox Wizel, in collaboration with the US-based fashion company American Eagle Outfitters, simultaneously opened a chain of 11 American Eagle Kids branches in Israel. Both companies reportedly hold a 50% stake in this new venture.US-based operator of supermarkets Kroger is reportedly considering bidding for an Israel supermarket chain Mega, which owns 125 outlets in Israel. If successful, the bid would mark the first step Kroger takes into international markets.In early May 2016, Israel's Azrieli Group announced about its acquisition of Netex New Media e-commerce website for ILS62mn, which is a subsidiary of the country's leading online retailer Buy2 Networks. The acquisition marks the entry of Azrieli Group into the country's e-commerce market.

Full Report Details at
- http://www.fastmr.com/prod/1172845_israel_retail_report_q3_2016.aspx?afid=302

The Israel Retail Report has been researched at source and features BMI Research'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 Israel 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.

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