Retailing continues positive yet slower growth rate
In 2012, growth in retailing was positive, though at a slower rate than the previous year. This slower growth is the result of rising unit prices and a less stable economy. It may also be the direct result of government interventions and regulations in the form of the removal and reduction of taxation in consumers’ favour. For example, taxes on imported food were reduced and the 15% tax on some electronic goods was removed.
New concept implemented; store-in-store sets new trends
One of the biggest determinants of performance in the retailing industry in 2012 was the convenience of the purchasing process. One of the methods of achieving an easy and convenient shopping experience is by having a large variety of products from different categories under one roof. In 2012, store-in-store was a leading concept and implemented in many shopping centres, saving rent costs for retailers.
Internet channel emerges as a growth engine, especially for grocery retailers
A key tool for driving growth across the industry is the internet. In 2012, the number of internet-based grocery retailers increased significantly. Grocery retailers recognised the great potential of this sales channel and began to overcome the obstacles that had been keeping them from growing in this channel by launching online purchasing options. For example, in 2012 grocery retailers such as Rami Levi Shivuk Hashikma launched internet retailing platforms, allowing ordering online and offering delivery services.
Shufersal Ltd continues to lead
In 2012, the company that accounted for the largest share in value terms was Shufersal Ltd. The company has been the leading player in the retailing industry throughout the review period. Shufersal Ltd uses various store concepts, including discounters, supermarkets and convenience stores, thus capturing a large share of the population as consumers. The company offers a range of products to meet the needs of a broad spectrum of income groups.
Retailing is expected to see forecast period growth
In the forecast period, it is expected that retailing will keep growing, but at a slower rate than that seen in 2012 in constant value terms. The expected gradual decrease in the growth rate will be a result of government policy changes in favour of consumers, but potentially to the detriment of local retailers, if competition is intensified as a result of imports. In the forecast period, many retailers could face difficulties dealing with imported goods and the entrance of international players. Another reason for a forecast period slowdown is changing consumer shopping habits, now driven by value for money as consumers spend less than previously, when possible.
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The Retailing in Israel market research report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic number of stores, selling space and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
- How big is the grocery/non-grocery/non-store channel in Israel?
- Who are the leading retailers in Israel?
- How is retailing performing in Israel?
- What is the retailing environment like in Israel?
- Which channels are winning or losing in the fight for consumers’ money?
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This industry report originates from Passport, our Retailing market research database.