Global retail shows steady growth

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Wed, 2014-11-05 06:00
Source: The Malaysian Insider

Global retailing industry has shown a steady growth of 5.3 percent in 2014 due to improved performance in Western Europe, said market research company Euromonitor International in a statement issued on Monday in London.

From 2014 to 2019, a third of new global retail sales will come from China, and Nigeria is expected to see a compound annual growth rate (CAGR) of 10.9 percent to 2019, due to a growing middle class and an increase in disposable income.

Wal-Mart, Carrefour and Seven and I remain the top global three retailers, while Tesco lost its fourth place market share to Schwarz Beteiligungs.