Philippines Retail Report Q2 2016 - New Market Research Report

Despite external economic headwinds, we believe the Philippines will sustain its strong GDP growth rate in 2016, driven by robust private consumption. The Philippines households will benefit from rapid wage growth, large and stable inflows of remittances as well as expanding consumer credit market. That said, consumer spending will remain largely concentrated on essential goods and services, as the overall levels of income are still very low, especially in the country's rural areas.

Key Trends & Developments

Full Report Details at
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Philippines fashion retailer Golden ABC plans to open 100 new stores in the Philippines and 25 additional outlets across Asia in 2016.

In December 2015, Houston-based jewellery and accessories retailer Charming Charlie opened its first store in the Philippines. The company plans its further expansion in Manila and in Cebu in 2016.

In late 2015, Prada Philippines has re-opened its high profile boutique in the Greenbelt Ayala Center in Makati, Manila.

In November 2015, the country's largest mall operator SM Prime Holdings Inc. opened its new 430,000 square meter shopping mall in Cebu. This was the company's third mall in Cebu and 56th in the Philippines.

In November 2015, Thailand's leading e-commerce retailer Ascend Group launched iTrueMart.ph e-commerce website to serve the Philippine market. The company has ambitions to become the dominant e-commerce player in the Philippines by 2017, according to its chief executive Punnamas Vichitkulwongsa.

The Philippines Retail Report has been researched at source and features BMI Research'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 Philippines 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 Philippines to test other views - a key input for successful budgeting and strategic business planning in the Philippine retail market.
Target business opportunities and risks in Philippines through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.

Coverage

BMI Industry View

Summary of BMI’s key forecasts and industry analysis, plus a discussion of major industry developments and a snapshot of key short-term demand-driving macroeconomic movements.

Industry SWOT Analysis

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