Jun 2, 2015
A.T. Kearney China released a report on June 1, which ranked China as the top country in the Global Retail Development Index (GRDI) for the first time since 2010. China’s retail market is expected to grow to $8 trillion by 2022.
Published since 2001, the GRDI ranks the top 30 developing countries for retail investment worldwide. The Index analyzes 25 macroeconomic and retail-specific variables to help retailers devise successful global strategies to identify emerging market investment opportunities.
While Asia was an overall region winner, Latin America had three countries in the top 10 (Uruguay No. 2, Chile No. 3, and Brazil No. 8) proving it’s a strong region for retailers despite economic headwinds.
The 2015 GRDI includes a special feature on the prospects for luxury goods in developing markets. The feature includes an analysis of the 15 leading luxury brands and their presence in the GRDI’s top 30 countries. The analysis shows that emerging markets fall into three tiers of luxury development, with different implications for brands looking to enter or expand in these markets.
Click here for the full GRDI report which includes detailed commentary for all 30 countries ranked in the index.