The South African retail sales are expected to reach US$ 101.9 Billion by 2013 on the backdrop of increasing employment opportunities and tourist arrivals.
Noida, UP -- (SBWIRE) -- 07/22/2010 -- As per our research report “South African Retail Industry Analysis”, South Africa has the huge growth potential for retail investors as it represents the largest retail market in the Sub Saharan African region. The retail industry has been witnessing upsurge for the past few years on the back of increasing employment opportunity and lowering interest rates. The retail industry is expected to reach a level of US$101.9 Billion by 2013.
As the economy recovers from the global slowdown, various factors boost growth in the industry. The retail market growth is attributed to the non-food retail segment as the consumer electronics constitute major part of the retail sales. Besides, the trend of shopping through organized retailing is fuelling growth in the retail sector.
We have also discussed different segments of the non-food retail market in the report. Among the non-food segments, Home Décor has shown substantial growth opportunities. The main reasons responsible for growth in the sector are the increasing tourist arrivals and the country’s least dependence on import from other countries.
Our report “South African Retail Industry Analysis” provides an extensive research and rational analysis along with the statistical representation of various segments of the South African retail industry. The report also contains information of the current and future growth trends that help in the analysis of different retail stores format.
The report also discusses the factors contributing to the growth of the retail industry in South Africa. The competitive landscape enables clients understand the market and its progress in the coming years. This way the report gives a complete analysis of the South African retail industry.
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