Positive outlook for retailing over forecast period

The retailing environment is expect to become more colourful in coming years. Not only will new outlets increase, but new modern store layouts and formats will be introduced to match consumers’ lifestyles. Digital technology will have an important impact in terms of both sales and promotions. Retail players will have to think beyond only domestic demand as integration of digital advances result in greater connectivity. Domestic retailing will not aim to serve only local people, but international tourists are also expect to contribute to greater value sales, especially when shopping for apparel and footwear, bags and jewellery.