Reduction in Store-Based Retailing to Cause Slowdown in Israel Retail Market: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Ken Research announced its latest publication on, “The Future of Retailing in Israel to 2020; Comprehensive data overview of the market, with retail sales value and forecasts to 2020”, offer insights on the changing trends and key issues within the Retail Market in Israel.The publication includes qualitative and quantitative insights of the changing retail dynamics in Israel across various product categories across different distribution channels; covering changing consumer behavior, economic and demographic factors, past & future retail sales trends, technological innovations& leading players within the Retail Market in Israel. The analysis of the aforementioned trends has been done for26 products across 9 product groups in the Israeli retail marketthat include: Apparel, Accessories, Luggage and Leather Goods; Books, News and Stationery; Electrical and Electronics; Food and Grocery; Furniture and Floor Coverings; Health and Beauty; Home and Garden Products; Music, Video and Entertainment Software; Sports and Leisure Equipment; for their sales through four channel groups (Value Retailers, General Retailers, Specialist Retailers and Online) which further includes 17 individual channels. Brief Overview of the Retail Market in Israel Retail market in Israel has been hit hard by the unstable security conditions in the country. Operation Protective Edge, an IDF military operation in Gaza, which began on 8 July and ended on 26 August 2014, led to significant reduction in sales of retail products as the Israeli population preferred to stay in their house. As a result, retailers in the otherwise profitable month of July-August witnessed huge losses. Many retailers cease their business while those that still operated reported considerable lower amount of sales. However, Israeli retail market started to recover in 2015, registering higher growth rates as compared to previous few years. Looking at the retail market performance by product categories and by channel, in 2015, Food & Grocery dominated the product market by registering largest retail sales in the country. General retailers held the largest share of retail sales and dominated the distribution channel landscape in the market. As a result of government incentives to attract new domestic players and international players in the Israeli Retail market; market competition has gradually increased. With increasing adoption of online shopping by the Israeli retail market consumers, Internet retailing has emerged as a key trend in the market, providing for an efficient & convenient way of retailing. However, this increased internet retailing has been occurring at the cost of in-store retailing which is a serious issue. Also, the market is increasingly characterised by rising govt. intervention through introduction of various rules & regulations with an aim to encourage competition and reduce prices. Key Factors Driving Growth in Israel’s Retail Market Despite Unstable security conditions and rising cost of living in Israel, posing serious challenges to the retail market growth in the country; retail market sales will witness modest increase as the market recovers on account of various factors driving growth of the market. Some of the key factors driving retail market growth in Israel include: Lowering of indirect taxes (VAT reduction) Due to rising cost of living in Israel, consumers end up with lesser amount of money to spend on retail products. To deal with this issue, government is lowering indirect taxes. VAT has been reduced from 18% to 17% in Israel. This will lead to increased consumer spending on retail products. Rising government intervention in the market Israeli government is increasingly intervening in the retail market to encourage competition and reduce prices through various regulations. This will lead to increased sales of retail products as lower prices will make them more affordable to consumers. Recently introduced ‘Food Law’ has been a major government regulation aiming to encourage competition in Food retailing through various rules & restrictions Opening up the market to personal imports Import tax exemption on personal products has been increased from USD 350 to USD 500, which means that more products are now exempted from import taxes. This factor again significantly drives the retail market. Growing Internet Retailing Consumers are increasingly adopting the idea of online shopping as it provides for an efficient and convenient way of shopping anywhere and at any time. Hence, increasing internet retailing on account of rising internet penetration and mobile sales in the country has emerged as key retail market trend in Israel. Influx of international brands Gradually the number of market players in Israel’s retail market has been increasing, as a result of govt. incentives to attract and encourage entry in the market. Consequently there has been an influx of various international retailers as well as new domestic retailers in the market. Future of Israeli Retail Market Over the forecast period, 2015-2020, growth in Israel’s retail market is expected to occur at a decreasing rate. Increasing internet retailing at the cost of in-store retailing, rising cost of living leading to reduction in consumer spending on retail products and the unstable security situation in Israel will continue to challenge the retail market growth in coming years. However, growing popularity and increasing online sales as well as rising govt. intervention through various rules & regulations may prove to be major drivers of the market. Looking at expected future trends of the market by product categories and by distribution channels; Food & Grocery is expected to be the fastest growing category over the next five years. General Retailerswill continue to dominate the market in 2020. Among various distribution channels, online channel will be the fastest growing channel, followed by other general and non-specialist direct retailers. Also, Convenience Stores including Independents and Gas Stations are expected to register highest sales value of all channels in 2020. To know more on coverage, click on the link below: https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/future-retailing-israel/40172-95.html Related Reports: https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/future-retailing-venezuela/40168-95.html https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/future-retailing-uae/40174-95.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Post Views: 4 Tags: Apparel and Footwear Retail Industry Israel, Global Retail Industry Research report, Grocery retailing in Israel, Israel Retail Industry Distribution Channels, Israel Retail Market Competition, Israel retail sector future outlook, Online Retail Industry Israel, Retail Market in Israel