Today: February 9, 2016, 9:41 pm
  
Finance

South Korea retailing market: 4.7% CAGR growth forecast between 2012-2017

companiesandmarkets.com
companiesandmarkets.com
The Future of Retailing in South Korea to 2017 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-21 20:51:03
Sales in the South Korea retail market grew at a CAGR of 4.35% during 2007-2012 and expected to grow with a CAGR of over 4.68% during the forecast period. According to the Strategy and Finance ministry of South Korea, the country´s economic growth in 2013 is forecast at 3%, lower than the 3.6% projected by the IMF, and 3.2% by the Bank of Korea.

General retailers was the largest channel group with hypermarkets, supermarkets and hard-discounters recording the highest sales among the various channels under the general retailers channel group. The convenience stores (including independents) and gas stations channel recorded the second highest sales.

Consumers´ growing preference for private label brands threatens national brands. As of May 2012, private-label products represent more than 25% of the total retail sales of Korea´s three major discount chains: E-Mart, Home plus, and Lotte Mart.

In 2012, more than three quarters of the South Korean population between the ages of 10 and 40 years used the internet, symbolizing high internet user penetrations.

Click for report details: www.companiesandmarkets.com/Market/Retail/Market-Research/The-Fu ..

Browse all Retail Market Research Reports www.companiesandmarkets.com/Market/Retail/Market-Research?aCode= ..

Browse all Retail Company Profile Reports www.companiesandmarkets.com/Market/Retail/Company-Profile?aCode= ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Press Information


Published by
Mike King
London: +44 (0) 203 086 8600
e-mail
www.companiesandmarkets.com



# 366 Words
Related Articles
 
More From Finance
Investing.co.uk Announces New Trader Counsel Services
LONDON - Jan. 25, 2016 - British financial news source Investing.co.uk has announced that it will now be offering the [..]
Credit-Yogi.com Offers Free Advice For Getting Completely [..]
Everyone has some degree of debt to deal with. Some folks have a lot of it, and they need to [..]
Offshore Processing slashes credit card processing costs [..]
High risk and high volume merchants engaged in unconventional trades, such as Adult Content, Adult Goods, Online Casinos, Online [..]
Real-Estate-Yogi Offers Free Advice to Returning Veterans [..]
Veterans of the United States are returning from active duty and need places to live. It is up to lenders [..]
The Experts at Credit-Yogi.com Explain How to [..]
Foreclosures have gone through a decrease over the past decade, but that doesn’t mean they don’t still happen. People who [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.