DRIVERS OF PHILIPPINE RETAIL LANDSCAPE GROWTH

The young demographics of the country, the rising disposable income of its young population, remain as key drivers of domestic consumption. There are other factors that drive the retail industry to grow such as:

Increased consumer spending due to reduced unemployment rate brought by the BPO and the overseas work. This increase in income of the households is boosting retail sales.
Easy Bank Loans: Bank is offering credit with easy terms to the retail companies and financing up to 60% of capital. There is a high availability of financing channels.
Increase in Demand is leading to the growth of Organized Retail: Entry of foreign brands and consumers desire to try new brands is driving retail industry; this increases the availability of product options.
Omni Channel, the rise in a multi-channel sales approach that provides the customer with an integrated customer experience. The customer can be shopping online from a desktop or mobile device, or by telephone, or in a bricks and mortar store and the experience would be seamless.

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