India, Ukraine, Russia and Malaysia are the most popular emerging markets for international retailers, according to a new survey by CB Richard Ellis on global emerging markets. International clothing retailers are most active in Ukraine, the survey found, with Russia in third place after Malaysia. Ukraine was the second favourite market for department stores while Russia ranked fourth. Luxury goods retailers see Turkey as the third most promising emerging market, after India and Brazil with Russia in fiifth position.
India, Ukraine, Russia and Malaysia are the most popular emerging markets for international retailers, according to a new survey by CB Richard Ellis on global emerging markets. International clothing retailers are most active in Ukraine, the survey found, with Russia in third place after Malaysia. Ukraine was the second favourite market for department stores while Russia ranked fourth. Luxury goods retailers see Turkey as the third most promising emerging market, after India and Brazil with Russia in fiifth position.
Some 40% of the international retailers polled for the survey see emerging markets as their main source of growth in turnover over the next five years. Most international retailers are based in Europe, said Jonathan Riches, associate director of research and consulting at CBRE. 'Once they are operating a pan-European business, they face the choice of expansion in Asia or the Americas. Asia is preferred by most, as it is usually closer to the point of manufacture and is also seen to be a less competitive retail environment.'
