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Retailing in Slovakia 2008
Verdict Research Limited, Aug 2008, Pages: 73
Introduction:
Verdict Research: Rampant macroeconomic growth and increased purchasing power levels have boosted retail expenditure in Slovakia. Strong retail growth has attracted some of Europe's largest retailers to the rapidly developing market. While hypermarkets and discounters are already reaching saturation point, opportunities lie in the burgeoning convenience sector and regionalisation.
Scope:
This brief provides accurate insights into key trends, future developments and discusses the strategies of the main operators in the market.
Proprietary data on market value and growth. 2002-2007 data for six different retail sectors and overall value data for Slovakia.
Detailed sector analysis for grocery, DIY, electricals, furniture, and clothing is provided.
The brief includes market shares for leading retailers in grocery and an evaluation of non- food players and their operating strategies.
Highlights:
-Retail expenditure has been buoyant across all sectors in Slovakia on the back of strong macroeconomic growth and real wage growth, which has boosted disposable incomes in the country. Retail development really kicked off at the turn of the century with the entry of Europe's largest retailers including Tesco, Rewe, Kesa Electricals and IKEA.
-The expansion of large international chains established the hypermarket as a prominent retail format in the country. At the same time, the first modern shopping malls were opened on the peripheries of Bratislava, which attracted further attention of international players looking to tap into the growing retail market
-While Slovakia's largest cities are becoming saturated, there are still significant opportunities for retailers to develop their presence in smaller urban centres. As Slovakia prepares to join the Euro in January 2009, the prospects are bright for retailers in CEE's brightest economic star.
Reasons to Purchase:
-Understand strategic issues in the market, retailers' responses and our recommendations on how retailers must cope with the changing market.
-Learn about major foreign and domestic players in the Slovak retail market.
-Discover how the market and retailers' future initiatives will develop. Find growth opportunities in specific sectors and identify the key threats.
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