Published on : Feb 09, 2018
Albany, New York, February 9, 2018: A new thorough study based on retail sales of duty-free retail in South Africa titled “Retail Sales of Duty-Free Retail in South Africa: Market Size, Growth and Forecast to 2021” has recently been added to the repository of Market Research Hub (MRH). The report offers detailed insights on the South Africa market for duty-free retail and presents facts and figures by analyzing historical trends. The report also offers accurate and reliable forecasts on the market till 2021.
The comprehensive report shares its market analytics on the basis of various product segments which are electrical, clothing & footwear, health & beauty, food & grocery, home and other. The report contains in-depth information from market basics to future prospects. The study defines the "Duty-Free Retail" for its readers as airside stores in airports or on board a ferry or aircraft. It also includes specialist duty free shops in border areas and downtown however excludes tax free purchases by tourists at conventional stores.
The report is a very useful source of information and essential tool both for new entrants and existing players to make strategic decisions. Using comprehensive statistics available in the report, readers can gain an insight into the operating environment of the retail market in South Africa. The report analyzes the macroeconomic and microeconomic factors that are likely to shape the duty-free retail landscape in South Africa. The duty-free retail sector in South Africa continues to be impacted by macroeconomic factors, such as confidence in global economy, international tourist footfalls, and geo-political atmosphere. The landscape has also been shaped by growing incorporation of technology, with many players focusing on offering a seamless experience to consumers. Many players are now offering their customers an option to shop for their favorite products and collect their items at the airport at the time of departure.
According to the report, although duty-free retailing accounts for minor revenue share of the overall market, over the years, it has remained a steady source of revenue for the players operating in the tobacco and personal care products segment. The industry players have also adapted to the evolving consumer demands, and broadened their range of offerings so that consumers across a wide range can be catered to. These factors are likely to provide an impetus to retail sales of duty-free retail during the assessment period.
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