Positive Growth of Retail Industry in Philippines: 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 latest publication titled “The Future of Retailing in the Philippines to 2020; Comprehensive data overview of the market, with retail sales value and forecasts to 2020” discuss extensive, cross-country, industry research program which brings together Verdict Retail’s research, modeling, and analysis expertise in order to develop uniquely detailed market data. It provides detailed quantitative analysis of past and future trends-crucially providing retail sales data not just by channel and by product, but showing product sales through different channels. Philippine economy is in a good state. Retail sales growth is expected to increase and the country’s GDP is also rising. The sound position of the economy is increasing the sales of retailers. Increase in disposable income is allowing consumers to purchase more of retail products. Also lower inflation is increasing purchasing power of the households. Philippines is promising wealth to the retailers. Foreign brands are trying to get entry in to the market with the help of local distributors. Overview of Philippines retail Industry Retail industry is flourishing in Philippines. Increase in GDP and sound position of the economy is allowing consumers to spend more. There are two categories for the retail products: grocery and non-grocery items. Grocery retailers are dominating the retail market because grocery items consist of essential commodities which every household needs to buy and thus, this category has a high demand. The top companies are: SM Retail Inc., it is country’s leading retailer with various department stores. Its stores have items like toys, homecare, personal care and hardware items. Company is maintaining strong position in the competitive retail market. The competitor company is Robinsons Retail Group. It is the second largest multi-format retailer in Philippines. Company has a deep understanding of what Philippines consumers demand with 30 years of experience and operates in six segments: supermarkets, department stores, DIY stores, convenience stores, drug stores and speciality stores. Another competitor is Puregold Price Club Inc. It has more than 200 stores worldwide. It is listed under Philippines stock exchange and engaged in business of consumer products on retail and wholesale basis Retail industry in Philippines at a glance Many people prefer online shopping Various foreign brands in the market Awareness of global brands among Filipino’s Franchising of brands Key Driving Factors in retail industry in Philippines Increase In Consumer Spending: Unemployment has reduced over the years and increase in income of the households is boosting retail sales Easy Bank Loans: Bank is offering credit with easy terms to the retail companies and financing up to 60% of capital Increase in demand is leading to growth of Organised Retail: Entry of foreign brands and consumers desire to try new brands is driving retail industry Future of Retail Industry in Philippines Retail industry is expected to grow in the Philippines with the improvement in the economic situation of the country. Consumers are expected to have higher disposable incomes in the future period. Thus, they will spend more on grocery and non-grocery items and it will lead to high sales in retail market. Various foreign companies are introducing their brands with the help of local dealers in the strong market of Philippines to increase sales of their product. Philippines retail market already has so many brands and more will be added in the forecast period. To know more on “Future of retailing in Philippines” click on following link: https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/future-retailing-philippines/40163-95.html Related links: https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/future-retailing-belgium/21551-95.html https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/future-retailing-denmark/21552-95.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: Philippines food and Drink Industry, Philippines Footwear Retail Sales, Philippines Footwear Retail Sales Forecast, Philippines Jewelry, Philippines Luggage and Leather Goods Retail, Philippines Online Retail industry, Philippines Overall Retail Sales, Philippines Retail Sector Market, Philippines Retail Sector Market analysis, Philippines Retail Sector Market growth, Philippines Retail Sector Market share, Philippines Retail Sector Market Trends, Retail Sector Market Size Philippines, Watches and Accessories Retail Sales, Watches and Accessories Retail Sales Forecast