Bahrain Retail Report Q3 2016 - New Report Available
Fast Market Research recommends "Bahrain Retail Report Q3 2016" from Business Monitor International, now available
[ClickPress, Fri Jun 24 2016] Public spending cuts, triggered by the plunge in global energy prices, are weighing on Bahrain's economic growth. Nonetheless, the country's non-oil sectors, such as tourism, construction or retail, are showing resilience and posting strong growth rates. We forecast total household spending to increase by a strong 7.1% in USD terms, driven by rising incomes, positive demographic trends and sustained tourist arrivals. That said, we note that persistently high household expenditure on housing and utilities will prevent substantial growth in the non-essentials spending.
Key Views And Developments
We forecast total household spending to increase by an average of 7.0% over the next five years, reaching a total figure of USD20.5bn.
Full Report Details at
Despite rapidly rising household incomes, the balance between essentials and non-essentials spending will remain largely stable over the next five years, accounting for 64% and 36% of the total household expenditure respectively.
In March 2016, Azadea Group opened I Am store in Bahrain Mall. This is the second I Am outlet in the country, the first one being situated in Seef Mall.
In February 2016 UK-based retailer Marks & Spencer launched its online retail channel for the Middle East, which caters for Bahrain, Kuwait, Oman, Qatar and UAE.
The country's sole duty-free retailer Bahrain Duty Free reported a net profit of USD4.8mn in Q1 2016, which represented a 22.5% decrease compared to last year's figure of USD6.2mn. The company revealed plans to revamp its stores at Bahrain International Airport to offer a greater brand and product selection.
The Bahrain Retail Report has been researched at source and features BMI Research's independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.
BMI's Bahrain Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.
Benchmark BMI's independent retail industry forecasts for Bahrain to test other views - a key input for successful budgeting and strategic business planning in the Bahraini retail market.
Target business opportunities and risks in Bahrain through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
BMI Industry View
Summary of BMI’s key forecasts and industry analysis, plus a discussion of major industry developments and a snapshot of key short-term demand-driving macroeconomic movements.
Industry SWOT Analysis
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