"Kuwait Retail Report Q4 2014" Published

From: Fast Market Research, Inc.
Published: Wed Oct 15 2014

Our forecast that Kuwait will achieve real GDP growth of 2.9% in 2014 and 2.7% in 2015 makes the country a strong retail market. While the ARA index of consumer confidence has been heading sideways in recent months, the increase in the number of point-of-sale transactions (a proxy for retail activity) has remained elevated, and we forecast that private consumption growth will remain robust.

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.

Full Report Details at
- http://www.fastmr.com/prod/888123_kuwait_retail_report_q4_2014.aspx?afid=303

Until recently, Kuwait's retail market was somewhat overshadowed by the more sophisticated offerings of neighbouring Dubai. Increasingly, though, international retailers are eyeing up opportunities in the small but wealthy state, with Kuwait at the forefront of the fashion market in the Middle East. The non-food sector in Kuwait is dominated by shopping malls, which are becoming larger and more impressive. The Avenues houses strong international brands and sees more than 20mn visitors every year, while the new Gate Mall has attracted retailers including Zara, Nike, Al Ostoura, Debenhams, H&M, Victoria's Secret and Sephora.

In a country in which 45% of the population is in the 20-39 years age range, important for household spending on the retail sector, these malls are attracting young consumers keen to buy international brands. Kuwaiti women do not generally wear abayas, so there is a much more open attitude towards fashion. Retailers and developers are all too aware of this, with Sheikh Majed al-Sabah's planned 86,000sq ft Exhibition Hall destined to showcase many international fashion brands and Majid Al...

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.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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