Emerging markets, the report says, are countries wherepopulation, the economy and wealth are growing, as well as health,education and literacy. Additionally, the importance of agricultureto these countries is dropping.

|

By retail sector, India topped the list for luxury anddepartment stores, and came in fourth place for apparel retailers.Those chains based in Europe, the Middle East and Africa have thestrongest interest in the country, compared to those based in otherregions.

|

Rounding out the top-five list of the most sought after emergingmarkets were Ukraine, Russia, Malaysia and Turkey. "Rising interestand growing expansion into emerging markets globally is beingfuelled by rapid growth in consumer spending and the 'emergingmiddle class' in many of these countries," said Anthony Buono,executive managing director of CBRE's Retail Services.

|

Among US-based retailers, the most popular destination isTurkey, Mexico, South Korea, South Africa and India. For retailersbased in Asia-Pacific countries, South Africa is the most importantmarket.

|

The report found that 40% of the retailers surveyed expect mostof their growth over the next give years to happen in emergingmarkets. Retailers are reportedly looking at Chile, Pakistan andVietnam, but all three of those nations have high barriers toentry.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.