Kuwait Retail Report Q4 2016

Publisher Name :
Date: 28-Sep-2016
No. of pages: 60

BMI View: As a less diversified economy than some of its GCC peers, Kuwait will face greater challenges

in achieving substantial growth in the environment of low commodity prices. Even though the economic

trough seems to be a thing of the past, the growth in household spending will stay relatively slow in the

market, which has traditionally benefited from its affluent residents. Nonetheless, a couple of large-scale

mall openings in 2017-2018 could reshape the whole sector by expanding and diversifying its supply.

Key Views and Developments

? Kuwait's government agreed to deregulate retail fuel market in August, which will lead to fuel price hikes

of as much as 80%. While the new prices will remain much lower than in Europe, they will add an extra

pressure for disposable incomes in the country.

? The country's fast food market retains its appeal for foreign investment. Atlanta-based Arby's unveiled a

plan to open as many as 25 stores in Kuwait and Saudi Arabia in the next seven years, while Dubai-based

businessman Mohammed Alabbar acquired a majority stake in Kuwait's Americana Group, a franchisee

for KFC, Pizza Hut, Costa Coffee and Baskin Robbins.

? High-end retailers stay optimistic about Kuwait's fashion and accessories market: De Beers, Karl

Lagerfeld, MCM, Lacoste and All Saints have all opened stores in the country in the first three quarters

of 2016.

? We forecast that Kuwait's retail market will maintain conservative dollar value growth averaging 4.0%

during 2016-2020. Income growth will be rather anaemic, but expanding population will offset the

deficiencies in spending.

? Housing & utilities will drive the changes in household spending patterns: the sub-sector, which is bound

to grow by 5.9 percentage points before 2020, will constrain the expansion of other retail categories,

namely non-essential goods and services.

Kuwait Retail Report Q4 2016

Table of Contents

BMI Industry View 7
SWOT 9
Retail SWOT 9
Industry Forecast 11
Headline Retail Forecast 11
Table: Total Household Spending (Kuwait 2013-2020) 13
Table: Retail Sector Spending, % Of Total (Kuwait 2013-2020) 14
Table: Headline Retail Sector Spending (Kuwait 2013-2020) 15
Table: Retail Sector Spending, % of GDP (Kuwait 2013-2020) 17
Retail Sector Forecast 19
Food, Drink & Tobacco 20
Table: Food, Drink & Tobacco Spending (Kuwait 2013-2020) 21
Clothing & Footwear 21
Table: Clothing & Footwear Spending (Kuwait 2013-2020) 22
Household Goods 22
Table: Household Goods Spending (Kuwait 2013-2020) 23
Personal Care & Effects 24
Table: Personal Care Spending (Kuwait 2013-2020) 24
Household Numbers And Income Forecast 25
Table: Household Income Data (Kuwait 2013-2020) 26
Demographic Forecast 29
Table: Total Population (Kuwait 2013-2020) 31
Table: Population: Babies (Kuwait 2013-2020) 32
Table: Population: Young Children (Kuwait 2013-2020) 32
Table: Population: Children (Kuwait 2013-2020) 32
Table: Population: Young Teens and Older Children (Kuwait 2013-2020) 33
Table: Population: Young People (Kuwait 2013-2020) 33
Table: Population: Older Teenagers (Kuwait 2013-2020) 33
Table: Population: 21yrs + (Kuwait 2013-2020) 34
Table: Population: Young Adults (Kuwait 2013-2020) 34
Table: Population: Middle Aged (Kuwait 2013-2020) 34
Table: Population: Urban (Kuwait 2013-2020) 35
Industry Risk/Reward Index 36
Middle East And North Africa Risk/Reward Index 36
Table: Middle East And North Africa Retail Risk/Reward Index, Q416 36
Kuwait Industry Risk/Reward Index 37
Rewards 37
Risks 38
Market Overview 39
Competitive Landscape 44
Clothing & Footwear 44
Table: Selected Clothing & Footwear Retailers 44
Household Goods 45
Table: Selected Household Goods Retailers 45
Electronics 45
Table: Selected Electronics Retailers 45
Department Stores 46
Table: Selected Department Stores 46
E-Commerce 46
Table: Selected E-Commerce Retailers 46
Pharmacies 46
Table: Selected Pharmacies 46
Glossary 47
Methodology 54
Industry Forecast Methodology 54
Sources 57
Risk/Reward Index Methodology 57
Table: Retail Risk/Reward Index Indicators 58
Table: Weighting Of Indicators 60

List of Tables

Table: Total Household Spending (Kuwait 2013-2020)
Table: Retail Sector Spending, % Of Total (Kuwait 2013-2020)
Table: Headline Retail Sector Spending (Kuwait 2013-2020)
Table: Retail Sector Spending, % of GDP (Kuwait 2013-2020)
Table: Food, Drink & Tobacco Spending (Kuwait 2013-2020)
Table: Clothing & Footwear Spending (Kuwait 2013-2020)
Table: Household Goods Spending (Kuwait 2013-2020)
Table: Personal Care Spending (Kuwait 2013-2020)
Table: Household Income Data (Kuwait 2013-2020)
Table: Total Population (Kuwait 2013-2020)
Table: Population: Babies (Kuwait 2013-2020)
Table: Population: Young Children (Kuwait 2013-2020)
Table: Population: Children (Kuwait 2013-2020)
Table: Population: Young Teens and Older Children (Kuwait 2013-2020)
Table: Population: Young People (Kuwait 2013-2020)
Table: Population: Older Teenagers (Kuwait 2013-2020)
Table: Population: 21yrs + (Kuwait 2013-2020)
Table: Population: Young Adults (Kuwait 2013-2020)
Table: Population: Middle Aged (Kuwait 2013-2020)
Table: Population: Urban (Kuwait 2013-2020)
Table: Middle East And North Africa Retail Risk/Reward Index, Q416
Table: Selected Clothing & Footwear Retailers
Table: Selected Household Goods Retailers
Table: Selected Electronics Retailers
Table: Selected Department Stores
Table: Selected E-Commerce Retailers
Table: Selected Pharmacies
Table: Retail Risk/Reward Index Indicators
Table: Weighting Of Indicators
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