Retail Business in Belgium Has Positive Prospects, Says Verdict Retail in Its New Report Available at MarketPublishers.com12 Jul 2016 • by Natalie Aster
LONDON – At present, the retail sector in Belgium is negatively impacted by different macro-economic factors, low GDP growth and low inflation. However, the ongoing economic recovery together with increasing exports and rising investments in the country are driving positive growth in the domestic retail market. The retail business in Belgium is also driven by the country’s favourable geographical location together with highly-organised logistics amid FLAP quadrilateral.
Belgium’s retail market is currently dominated by international players. Over 70% of the food and grocery sector in Belgium is controlled by 3 leading market players.
In the years ahead, the online retail channel is likely to post remarkable growth in Belgium, boosted by high Internet penetration, increasing smartphone sales and high mobile penetration. On the whole, Belgium’s retail market has an optimistic outlook for the next 5 years.
Topical market report “Retailing in Belgium- Market Summary and Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020” prepared by Verdict Retails is a reliable source of data on retail industry performance in Belgium. It covers the historical development of the domestic retail sector, characterises the current scenario and also presents future market forecast. The report explores the competitive and regulative landscapes, gives info on the top market players and reviews the main factors shaping Belgium’s retail market.
Other reports by Verdict Retail are provided in this catalogue.