New York City -- China ranks as the most attractive emerging market for apparel retailers, according to global management consulting firm A.T. Kearney’s 2011 Global Retail Development Index for Apparel. The research analyzes retail markets worldwide, and ranks those countries that present the best opportunity for apparel retail expansion.
China’s first place standing is driven by the country’s large population and also by the growing disposable income of the middle class and the Chinese consumers’ developing fashion sense, according to the report. With its compound annual growth rate of more than 20% in recent years, apparel retail in China has grown at a rapid pace, and this trend is expected to continue for the next five years.
Two Middle East nations, U.A.E. and Kuwait follow China in the rankings. Here is a list of the Top 10 emerging nations for apparel retailers:
For a full copy of the report, go to grdi.atkearney.com.