Changing preferences of consumers is raising the share of non-food items’ market in Brazil’s retail industry. In 2005, Brazil earned revenue of US $108.36 billion from non-food retail market.
Electronics, textiles and bazaar products, with gasoline stations & drug stores are all included under non-food category, which accounts for 24% of sales. In 2005, staggering economic growth help the retail industry to reach US $237.66 billion, out of which around 46% was non-food retail sales.
Supermarket has given the best result in non-food products’ sales, compelling the market specialists to predict that non-food items’ sale will become 35% of the groups’ total sales. World Cup has also given. Many retailers have launched products related to the occasion. Many supermarkets informed of high demand of green and yellow textile products (Brazil’s official colors).
Recently published report by RNCOS, “Brazil Retail Industry Forecast (2006-2010)” has given some statistics of the retail industry in Brazil; retail sales of clothing-USD 22.4 billion, of footwear- USD 9.6 billion (8.8%), toiletries and cosmetics-USD 12.1 billion (11.1%), Fragrances and perfumes-1.9 billion (1.7%) and for furniture, it is USD 5.5 billion out of total non-food retail sales.
The research report also covers the issues and facts that are important for the success of Brazilian Retail Industry.
- Potential growth of the retail Industry
- Competitors in the Brazilian retail industry
- Opportunities and Threats related With the Brazilian Retail Industry
- The major forces that are driving the Industry
RNCOS’, "Brazil Retail Industry Forecast (2006-2010)" report provides deep research and analysis on Brazilian retail sector. This report helps investors to analyze the opportunities critical to the future success of Brazilian retail industry. Extensive data and analysis helps potential patrons to navigate through the evolving market opportunities.