Czech Republic Retail Report Q2 2016 - New Market Research Report

From: Fast Market Research, Inc.
Published: Wed Mar 30 2016

Retailing in the Czech Republic has experienced a robust recovery over 2015, with greater spending allowing retail sales growth to accelerate in 2016 . We attribute these improvements to healthier market conditions and higher confidence among the Czech households. Stronger economic growth will help lower unemployment and raise household incomes. Despite this, the retail market is relatively matured and this will limit the expansion opportunities of many retailers while major players will be investigating merger and acquisition opportunities.

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Key Trends & Developments

After several difficult years, we forecast headline household spending in the retail sector to rebound strongly in 2016 and register 10.9% year-on-year expansion, lifting the total spending figure to USD92.9bn (up from USD83.8bn in 2015).

Communications, education and healthcare will be the three fastest-growing categories in terms of the household spending in 2016. Nonetheless, all of them will comprise just 6.5% of the total household spending.

Despite rapidly increasing incomes, the essential goods and services will continue to account for the majority of the household spending between 2016 and 2020. We forecast the essentials' share in the total household expenditures to increase from an estimated 56.7% in 2016 to 56.8% in 2020.

Spending on housing and utilities will remain the single largest category for the Czech households, increasing its overall share from 27.0% in 2016 to 27.5% in 2020.

According to a real estate advisory CBRE, the Czech Republic will see more than EUR2bn real estate investment in 2016, mostly in the commercial and retail segments.

The Czech Republic 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 Czech Republic 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 Czech Republic to test other views - a key input for successful budgeting and strategic business planning in the Czech retail market.
Target business opportunities and risks in Czech Republic through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.


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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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Contact Phone: 1-413-485-7001

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