The Global Retail Development Index™ is an annual study that ranks the top 30 developing countries for retail expansion worldwide. The Index analyzes 25 macroeconomic and retail-specific variables to help retailers devise successful global strategies and to identify developing market investment opportunities. The GRDI is unique because it identifies today's most successful markets and those that offer the most potential for the future.
Full Steam Ahead for Global Retailers
The 2014 Global Retail Development Index™
Today’s global retailers get it. They have become more strategic in their expansion—using e-commerce to pressure-test demand in new markets while better identifying the unique challenges of each market and taking steps to address them.
In A.T. Kearney’s 2014 Global Retail Development Index™, the theme is continued expansion. For the most part, multinational retailers are continuing their push into developing markets, and regional giants are spreading to neighboring markets.
The highlights of the 2014 GRDI include:
- Chile ranks first for the first time. Years of economic and political stability have helped the country build one of South America's most sophisticated retail environments. The past year brought several major investments in malls, new entries by international retailers, and expansions by local leaders.
- China moves back into second place this year. Even as the economy slows and conditions become more difficult for foreign retailers, the huge and growing market is impossible to ignore.
- Sub-Saharan Africa continues to show momentum with three ranked countries, including newcomer Nigeria. GDP growth of 5 percent, rising household incomes, fast urbanization, and a growing middle class give this region massive retail potential.
- Regional players are flexing their muscles, using their proximity as a competitive advantage to steal share in neighboring markets. Chile’s Falabella and Cencosud have begun aggressive growth plans to widen their footprint across Latin America, and UAE-based LuLu Hypermarkets and Majid Al Futtaim have begun expanding in the Gulf region. South African retailers Shoprite and Woolworths have spearheaded Sub-Saharan Africa’s shift to modern retail.
Click on a highlighted country on the map below for more information:
Online Retail Is Front and Center in the Quest for Growth
The 2013 Global Retail E-Commerce Index™
Seizing the African Retail Opportunity
The 2014 African Retail Development Index™
Retail Appetite Robust in China's Smaller Cities
China Daily, 17 June 2014
Gulf Region an Attractive Prospect for Global Retailers
Wall Street Journal Middle East, 17 June 2014
Chile No. 1 Destination for Emerging Market Retail Expansion: A.T. Kearney Global Retail Development Index
Indiaretailing.com, 17 June 2014
Chile ist attraktivster Wachstumsmarkt für internationalen Einzelhandel
Pressportal, 16 June 2014
Россия стала более привлекательной для международных ритейлеров — A.T. Kearney
RBC Daily, 16 June 2014
The Best Place for Retailers? Chile. Uruguay Is Pretty Good, too
Bloomberg BusinessWeek, 16 June 2014