New Study: Bulgaria Retail Report Q2 2016

From: Fast Market Research, Inc.
Published: Mon May 09 2016

Growth in Bulgaria's retail market will strengthen over the coming year , in line with the gradually brightening economic situation in the country. Consumers will benefit from low energy prices, subdued inflation as well as falling unemployment. That said, the recovery will remain slow and gradual, while a number of structural factors, such as negative demographic trends or widespread poverty, will continue to constrain full market potential.

Key Views & Developments

Strengthening economic outlook bodes well for the country's retail industry. Our Country Risk team has recently upgraded the country's 2016 GDP growth forecast to 2.8% (up from a previous forecast of 1.7%). Over the short term, consumers will benefit from subdued inflation, low energy prices and falling unemployment.

Retail sales in Bulgaria increased by 1.3% year-on-year (y-o-y). This marked a slight slowdown from the 2.7% y-o-y growth recorded in December 2015.

Full Report Details at

American fast-fashion retailer Forever 21 is expected to open its first store in Bulgaria in 2016. The company will enter into partnership with the Greece-based Teren Management Europe, which holds the franchise rights for the brand in Bulgaria.

In early 2016, Bulgarian company NSN Investment has received approval from the country's competition authorities to acquire a share of up to 50% in the local electronics retailer Technomarket.

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


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

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the retail sector and within the broader political, economic and business environment.

BMI Industry Forecasts

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You may also be interested in these related reports:

- Turkey Retail Report Q2 2016
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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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