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Brazilian Retail Sales Reflecting Upward Trend
Nov 06, 2007
The leading market research company RNCOS has recently launched a comprehensive report “Opportunities in Brazil Retail Sector (2007-2011)” on the retail industry of Brazil. As per the statistics by Planet Retail given in the RNCOS report, the retail industry is anticipated to grow at a CAGR of 5.01% from 2007 to 2011.
The RNCOS report notifies that Brazil is one of the world's biggest retail markets. The retail industry has been registering robust growth in sales since 2003 but is anticipated to grow at this rate only for few upcoming years due to continuously reducing rate of inflation leading to the growth in real income and relaxation in credit terms.
The retail sector in Brazil has been undergoing a strong expansion since 2003. It had been increasing at a CAGR of 8.66% from 2001 to 2005. Driven by dynamic economic activity and increasing GDP, the industry is anticipated to reach around US$ 391.6 Billion in 2011 from US$ 322 Billion in 2007 at a CAGR of 5.01%.
But despite the huge size, the Brazilian retail industry remains largely fragmented. The report updates that the top five retail players in the industry hold only 25% of the market share which reflects the vast untapped potential in the Brazilian retail sector. However, the report gives a highly competitive picture of the Brazilian retail sector, as major national and foreign groups acquiring small chains with an objective to expand their market share and attaining economies of scale. Local players are also working to come up to the terms with the foreign players by significantly improving their operations, adopting new retail formats, and opening new stores.
According to the report, supermarkets are the most accepted retail format in Brazil which captures nearly 80% of the market.
Apart from the growth promoters and roadblocks, “Opportunities in Brazil Retail Sector (2007-2011)” gives a comprehensive and updated overview of the Brazilian retail industry by carefully analyzing the existing retail formats in the industry and different market segments.
The study also identifies the forces that are stimulating the market to grow while evaluating the trends impacting the market in order to present a rational analysis of the retail industry in Brazil.
For more information visit: http://www.rncos.com/Report/IM544.htm
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