Retailing in the Philippines is anticipated to significantly develop alongside the continued improvement in the economy over the forecast period.

1. Philippines Economy to Elevate the Future of
Retailing: Ken Research

2. •Major retailers acquired a large number of small and single propriety
businesses.
•Philippines have become one of the bright spots within the Asia Pacific
Region among foreign or global brands.
•Food and grocery retailers are the largest category group in 2015 and
continue to dominate the country’s retail landscape.
•Online channel is anticipated to grow the fastest in the forecast period.

3. Ken research announced its publication on “The Future of Retailing in
the Philippines to 2020; Comprehensive data overview of the market,
with retail sales value and forecasts to 2020,” which offers insights on
the changing trends and key issues inside the Philippines Retail market.
The production incorporates a shrewd investigation of the most recent
trends in retail consumer shopping, covering the components driving
retail shopping, customer insights, market trends and reviews of the
most recent best practice in retail site design. In addition, it has
comprehensive knowledge on fastest growing product categories and
also on the key international and domestic players operating in the
Polish retail market-including store counts and revenue. Retail sales
and fastest-growing product categories have covered 26 product
categories across 9 product groups such as footwear, clothing, books,
news and stationary, electrical and electronics, food, health and
beauty, furniture, sports and leisure equipments.

4. The report further covers the overall retail sales of products through four
channel groups including 17 individual channels such as Hypermarkets,
supermarkets and hard-discounters; gardening supplies retailers; Food
and drinks specialists; Online; Convenience Stores. This report will guide
to explore the Performance of individual product categories, across
significant channels from 2010, with forecasts until 2020-pinpoint the
fastest growing categories in a market witnessing robust growth.
Retailing in the Philippines is anticipated to significantly develop alongside
the continued improvement in the economy over the forecast period. The
increasing disposable income of Filipinos will encourage further purchases
of products within grocery and non-grocery categories. The noteworthy
development in the private segment, which incorporates numerous
organizations working under retailing, kept on boosting the nation's
economy. Likewise, settlements from abroad Filipino workers, maintained
development of the business procedure outsourcing (BPO) industry, and
the lower inflation rate brought about expanded purchasing power that
urged customers to purchase more frequently than expected.

5. Because of this, retailers, particularly major ones, chose to further grow
their outlets so as to deliver the requirements of a more extensive
audience.
During significant development in terms of revenues was evident in both
grocery and non-grocery retailing, there grocery retailers continued to
possess a greater impact on the country’s retailing landscape, majorly
because it offers products which are generic and essential to most
consumers. The continued growth of the channel further elevated retailers
to develop their current product line in order to deliver the growing and
evolving needs of Filipino consumers regarding food, beauty and personal
care, and home care. The review period witnessed the acquisition of
single-propriety businesses concentrating on groceries, electronics and
appliances by key retailers such as SM Retail Inc, Robinsons Retail Group
and Puregold Price Club Inc. This specific step was carried out in order to
cut down, if not eliminate competition with smaller endeavours, especially
in areas where their presence is not yet felt.

6. To know more on the coverage, tap on the link underneath:
https://www.kenresearch.com/consumer-products-and-retail/wholesale-
and-retail/future-retailing-philippines/40163-95.html
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https://www.kenresearch.com/consumer-products-and-retail/wholesale-
and-retail/department-stores-retailing-europe/62467-95.html

7. Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204