What is retail industry in Pakistan?

What is retail industry in Pakistan?

Retail sector collaborates the retailers and the consumers for the exchange of finished goods via departmental stores , retail outlets, and e-retailers. The retail sector of Pakistan is moving away from conventional small ‘mom and pop’ stores to prestigious malls, supermarkets, discount stores, and specialty stores.

How many retail Stores in Pakistan?

2 Million Retail Stores
TRADITIONAL KIRYANA STORES — according to Pakistan Bureau of Statistics, there are around 2 Million Retail Stores in Pakistan, out of which 0.8 Million are traditional Kiryana Stores which is the biggest retailing channel in the country.

What retail industry means?

By “retail” we mean the market that includes all those activities that involve the sale of goods or services by a company directly to the consumer that are usually purchased for personal or family use. Retailers can be both retail and institutional.

What is FMCG Pakistan?

FMCG – Fast Moving Consumer Goods Companies in pakistan.

What is the world’s fastest growing retail market?

At the country level, Argentina was the fastest growing eCommerce market in 2020, with a 79% increase in online sales compared to 2019—almost double the worldwide country average. Singapore was the second-fastest, with a 71.1% increase in eCommerce sales.

Who is called retailer?

A retailer is a person or business that you purchase goods from. They purchase goods from a manufacturer or a wholesaler and sell these goods to consumers in small quantities. Retailing is the distribution process of a retailer obtaining goods or services and selling them to customers for use.

What is retail in simple words?

Retail, by definition, is the sale of goods or service from a business to a consumer for their own use. A retail transaction handles small quantities of goods whereas wholesale deals with the purchasing of goods on a large scale.

How big is the retail industry in Pakistan?

According to statistics from the Pakistan Bureau of Statistics for the years 2011-12, the retail sector is worth $4.2 Billion, which represents around 18% of GDP. There are approximately 2 million retail outlets in the country.

Are there any international retail outlets in Pakistan?

Though retailers have existed in Pakistan for a long time, the induction of global brands and outlets has really kick-started the sector, forcing local retailers to expand their boundaries to compete with their larger international competitors.

How does Euromonitor do retail research in Pakistan?

Delivery: Files are delivered directly into your account within a few minutes of purchase. Discover the latest market trends and uncover sources of future market growth for the Retailing industry in Pakistan with research from Euromonitor’s team of in-country analysts.

Are there any restrictions on shopping in Pakistan?

By March government-enforced restrictions began as Pakistan’s borders were closed and flights were grounded. Leading retailers increasingly focused on offering e-commerce and/or home delivery services in 2020, as they sought to retain their consumer base.