The sluggish recovery from the crisis, strong competition, the war with price reductions and changes in the habits of consumers still pose challenges for global retailers when it comes to their expansion on new markets.
"The 2011 GRDI ranking mirrors the dramatic changes that have taken place in global markets, and the varying impacts they have had on different emerging economies. South American countries have fared well during the recession posting an impressive 6 percent GDP growth in 2010. In addition to Brazil’s top ranking, three other South American countries, Uruguay, Chile and Peru, made the Top 10 of the GRDI," the consulting company reported last Tuesday.
Zlatko Bazianec, a consultant in this company, said that Croatia was not cited among to the top 30 emerging countries for retail development and the main reason for that was sluggish recovery and stagnating consumption.
"South America has jumped to the head of our index this year, based largely on countries’ continued growth through the global meltdown and lack of investment fatigue that has impacted some of the historical chart-toppers," A.T. Kearney reported.
Top ten countries in this ranking are Brazil, Uruguay, Chile, India, Kuwait, China, Saudi Arabia. Peru, the United Arab Emirates and Turkey.