Philippines Economy to Elevate the Future of Retailing: Ken Research

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Philippines Economy to Elevate the Future of
Retailing Ken Research
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• Major retailers acquired a large number of small
  and single propriety businesses.
• Philippines have become one of the bright spots
  within the Asia Pacific Region among foreign or
  global brands.
• Food and grocery retailers are the largest
  category group in 2015 and continue to dominate
  the countrys retail landscape.
• Online channel is anticipated to grow the fastest
  in the forecast period.

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Ken research announced its publication on The
Future of Retailing in the Philippines to 2020
Comprehensive data overview of the market, with
retail sales value and forecasts to 2020, which
offers insights on the changing trends and key
issues inside the Philippines Retail market. The
production incorporates a shrewd investigation of
the most recent trends in retail consumer
shopping, covering the components driving retail
shopping, customer insights, market trends and
reviews of the most recent best practice in
retail site design. In addition, it has
comprehensive knowledge on fastest growing
product categories and also on the key
international and domestic players operating in
the Polish retail market-including store counts
and revenue. Retail sales and fastest-growing
product categories have covered 26 product
categories across 9 product groups such as
footwear, clothing, books, news and stationary,
electrical and electronics, food, health and
beauty, furniture, sports and leisure equipments.
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• The report further covers the overall retail
  sales of products through four channel groups
  including 17 individual channels such as
  Hypermarkets, supermarkets and hard-discounters
  gardening supplies retailers Food and drinks
  specialists Online Convenience Stores. This
  report will guide to explore the Performance of
  individual product categories, across significant
  channels from 2010, with forecasts until
  2020-pinpoint the fastest growing categories in a
  market witnessing robust growth.
• Retailing in the Philippines is anticipated to
  significantly develop alongside the continued
  improvement in the economy over the forecast
  period. The increasing disposable income of
  Filipinos will encourage further purchases of
  products within grocery and non-grocery
  categories. The noteworthy development in the
  private segment, which incorporates numerous
  organizations working under retailing, kept on
  boosting the nation's economy. Likewise,
  settlements from abroad Filipino workers,
  maintained development of the business procedure
  outsourcing (BPO) industry, and the lower
  inflation rate brought about expanded purchasing
  power that urged customers to purchase more
  frequently than expected.

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Because of this, retailers, particularly major
ones, chose to further grow their outlets so as
to deliver the requirements of a more extensive
audience. During significant development in
terms of revenues was evident in both grocery and
non-grocery retailing, there grocery retailers
continued to possess a greater impact on the
countrys retailing landscape, majorly because it
offers products which are generic and essential
to most consumers. The continued growth of the
channel further elevated retailers to develop
their current product line in order to deliver
the growing and evolving needs of Filipino
consumers regarding food, beauty and personal
care, and home care. The review period witnessed
the acquisition of single-propriety businesses
concentrating on groceries, electronics and
appliances by key retailers such as SM Retail
Inc, Robinsons Retail Group and Puregold Price
Club Inc. This specific step was carried out in
order to cut down, if not eliminate competition
with smaller endeavours, especially in areas
where their presence is not yet felt.
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To know more on the coverage, tap on the link
underneath https//www.kenresearch.com/consumer-
products-and-retail/wholesale-and-retail/future-re
tailing-philippines/40163-95.html Related
Reports https//www.kenresearch.com/consumer-prod
ucts-and-retail/wholesale-and-retail/global-depart
ment-stores-retailing/62468-95.html https//www.k
enresearch.com/consumer-products-and-retail/wholes
ale-and-retail/department-stores-retailing-europe/
62467-95.html
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Contact Ken Research Ankur Gupta, Head
Marketing Communicationsquery_at_kenresearch.com
91-124-4230204