Retailing in Spain 2008

Retailing in Spain 2008

Opportunities as the housing market bubble corrects...

On the back of buoyant growth in the past, Spain's GDP has overtaken Italy and is now a mature economy. While this has given cause for celebration and is apart from Spain's hard work also testament to the success of the EU, its integrative powers and its common market, a new chapter in Spanish history has been opened. Not all is well though, as Spain's housing market has gone into reverse. The bubble has finally burst and arguably this could not have come at a worse time.

This new report published by Verdict provides accurate insights into the key trends and future developments for Spain's retail sector and in-depth analysis of the main operators in the market.

It also offers new insights into the strategies for growth in a challenging and competitive market environment through its detailed analysis of the opportunities in the country.

This new report will help you to assess the retail competitive landscape in Spain and create strategies to exploit future growth in the retail market...

• Quantify key retail trends and accurately predict future opportunities based on this report's company analysis detailing market share of leading retailers, demographics, channels of distribution, store numbers, selling space provision, sales densities and average store size in six key retail sectors.
• Predict potential growth for retail in Spain and the challenges facing key Spanish retailers in-depth analysis of market drivers, key issues and market outlook using this report's growth forecasts for DIY, Food & Grocery, Furniture, Out-of-Town, Clothing (including department stores) and Electricals in Spain.
• Develop more effective strategic responses with this report's actionable recommendations for how retailers can cope with the changing Spanish retail market.

This report answers key questions including...

• What are the key issues affecting the retail market in Spain?
• Who are the top players in the Spanish market and how quickly are they consolidating their position?
• Where are the growth opportunities in the Spanish market?
• Where are the major threats to Spanish retailers coming from?
• What impact is the slowing housing market having on the Spanish retail environment?

Key issues examined in this report...

• Adverse macroeconomic conditions. The credit crunch will take its toll on the Spanish economy over the next two years. The unemployment rate is projected to grow to 9% in 2008 and 10% in 2009 due to the fallout from the slump in the housing market. Unemployment will rise principally in the construction and real estate sectors, however we also expect job losses to rise in sectors that are closely related to the housing market.
• Pharmacy Liberalisation. The European Union has started an investigation into the Spanish pharmacy sector. EU legislation looks set to change the restrictive ownership model, under which every owner had to be a licensed pharmacist. As a result, vertical integration by pharmaceutical wholesalers, which is currently unknown in Spain, could become a business model going forward.
• Reforms in the retail sector. The regional government of Madrid views liberalisation of the retail sector as the key to boosting economic activity in the city. Shop opening hours in the city are to be liberalised and restrictive planning laws could be next on the cards. The reforms in Madrid could work as a model for further liberalisation nationwide.