Euromonitor International
- Item successfully added to cart!
  
  Your cart is empty
  
  Check Out View Cart

Country Report

Non-Grocery Retailers in

Non-Grocery Specialists in Nigeria

26 pages, Dec 2016

US$990

Add to cart Pay by invoice

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

TRENDS

With Nigeria officially in economic recession by the end of the second quarter of 2016, and the local currency continuing to depreciate, the environment for formal, modern stores that depend on the importation of products had become quite unfavourable. This has led to the exit of Truworths International Ltd’s apparel stores early in 2016. A scarcity of foreign exchange at official rates, as the Nigerian government restricted many “unessential” items from using foreign exchange from official sources to import goods, made it impossible for the retailer to re-stock items in its stores. High and skyrocketing rental costs – charged in US dollars – also led to the retailer’s exit. The problem of dollar-denominated rents has also severely affected many retailers in modern shopping centres, which were previously expanding at a fast rate. According to the Founder and Chief Executive Officer of the fast growing Health Plus Integrated Pharmacy chain, Mrs Bukky George, “Some malls are completed but have remained unopened and many opened malls are dotted with empty stores, leading to poor sales for the opened stores,” (Quoted in The Punch newspaper).

COMPETITIVE LANDSCAPE

In a fragmented channel, the leading player in non-grocery specialists in Nigeria is Vitafoam Nigeria Plc. Its Vitafoam brand has a wide, national presence through which it sells mattresses as well as other household furniture. Through its large number of outlets, it has built up a reputation for quality products.

PROSPECTS

Non-grocery specialists is predicted to record a value CAGR of 6% at constant 2016 prices, which will be stronger than the review period average of 5%. As also witnessed in grocery retailers, non-grocery specialists is experiencing a change from informal retailing to more formal and modern formats. The products sold in formal retailers tend to be of higher value, given that these products are more likely to be genuine and legally imported compared to products sold within informal retailing. There is also an increasing middle class, which is more sophisticated in its tastes and willing to spend on higher quality products, driving channel growth.

Files are delivered directly into your account within a few minutes of purchase.

Samples

Non Grocery Retailers Sample Report Non Grocery Retailers Sample Data

Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

SAMPLES: FAQS ABOUT SAMPLES

Delivery method: instant download

Overview

Discover the latest market trends and uncover sources of future market growth for the Non-Grocery Retailers industry in Nigeria with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Non-Grocery Retailers industry in Nigeria, our research will save you time and money while empowering you to make informed, profitable decisions.

The Non-Grocery Retailers in Nigeria market research report includes:

Analysis of key supply-side and demand trends
Detailed market shares for international and locally-based retailers
Historic volumes 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 is discretionary spending affecting non-grocery retailing in Nigeria?
Are non-grocery channels losing out to the growth of such products in grocery retailing?
How is non-grocery retailing coming under pressure from non-store channels?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our Retailing market research database.

Euromonitor International

Euromonitor International

Megatrends

Country Report

Non-Grocery Specialists in Nigeria

New Report Guarantee

Executive Summary

New Report Guarantee

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

Samples

Overview

Why buy this report?

SAMPLES: FAQS ABOUT SAMPLES

Want to find out more about this report?

Table of Contents