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FORMAL RETAIL IN NIGERIA IS GROWING AMIDST MANY CHALLENGES
2017/05/10
Joseph

Over the last decade, Formal Retail in Nigeria, at a CAGR of 14%, is one of the fastest growing in the world. Within this period, more than 50 modern malls have been developed and the number will quadruple within the next 5 years. Local retail chains like Adide, Grocery Bazaar, Justrite, Healthplus, Ruff & Tumble, Vidora Luxury, Everyday Supermarket are springing up and thriving as international chains like Shoprite, Game, Spar, Pep, Max are making grand entrances. The growth of formal retail has been so phenomenal that we estimate to lead the informal retail sector within the next 10 – 15 years.

While the long-term view of formal retail is rosy, in the short term, it is dealing with serious headwinds that is threatening the survival of many retailers.

Retail is dealing with external challenges like Government Fiscal and Monetary Policy, the depreciating value of the Naira, strictures with obtaining bank financing, Land, estate and rent matters, bureaucratic bottlenecks.

It is also dealing with sectorial issues as the coming of external tigers and how they will impact the local small players, Shrinkage, shortage of personnel, supply chain and logistic challenge and more.

Most of the retailers are dealing with internal issues of staffing, skilling, operational excellence and Cash Flow and Liquidity challenges. Every strategic business option is fraught with existential dangers for the retailer.

For most of the Retail businesses in Nigeria, it is now a battle for survival; taking drastic measures including shrinking store footprints, limiting SKUs, tightening up supply chains, or cutting store labour etc.

 

Our view is that notwithstanding the headwinds is that formal retail can not only survive, but also grow, thrive and deepen over the near future to ultimately become the key driver of our national economic growth, particularly in terms of employment and output generation.

 

LET US ALL SUPPORT RETAIL TO DO MORE!

 

 

Join us at the 4th edition of The Retail Leaders Conference in June 15, 2017 at the Eko Hotels & Suite to discuss critical role Retail plays in national economic development and its potential to drive national economic growth.

About The Retail Leaders Conference

The Conference (TRLC) now in its 4th edition is an annual colloquium of Nigerian retail thought and practice leaders. They brainstorm, discuss and align on the key issues, challenges and opportunities of the Nigerian Retail Industry and importantly how, to drive the sustainable growth of the Industry.

The theme of this year’s edition is “Supporting Retail: The Next Driver of Nigeria’s Economic Growth”

This year’s conference comes against the backdrop of major economic upheavals and structural challenges. The government is actively seeking to reposition the country with emphasis on diversification of the economy. A key sector that is set to become a major growth pillar is retail.

The Conference is an exciting one-day event that includes a combination of high-level strategic thinking, business envisioning and in-depth explorations of winning retail strategies and opportunities. You get a chance to hear success tips from our guest speakers and learn the secret sauce of retail business success from other retail leaders.

This Conference will address the different facets of retail challenges, potentials, opportunities and its retail’s role in national economic development. It will lead industry stakeholders in charting the preferred transformation path and in proffering practical solution to the challenges and opportunities of the operating environment. It will discuss and resolve on how to support retail to grow to be the key driver of our national economic growth.

In addition, there will be great networking opportunities!

http://retailleadersconference.com/

For your seamless participation at the Conference and because some of the participation opportunities are limited, we request an early confirmation of your participation by registering and making the relevant fee payment for your chosen participation opportunity or opportunities.

 

REEGISTRATION/PAYMENT

To Register and make Payment, please go to: http://retailleadersconference.com/register.php

For Multiple Registration/Special Offers go to:  http://retailleadersconference.com/multi-register-ng.php

If already Registered, to make Payment, please go to: http://retailleadersconference.com/payment-pag.php

 

Joseph Ebata
The President
Bervidson Retail Group
Convener of The Retail Leaders Conference

NIGERIA: A RETAILER’S DELIGHT!
2017/05/10
Joseph

In Nigeria, Retail is evolving (as in most emerging economies) into the key driver and enabler of Growth. Modern trade has remerged (grown by 12.5 CAGR over the last 15 years up to 2014. Traditional trade is evolving (with Open Markets becoming ultra-modern markets) and growing.

As Nigeria actively drives the diversification of the Economy, Retail is driving urban regeneration with Ultra Modern International Mall springing forth in all Key Cities of Nigeria. With leisure and social opportunities, the Nigerian Retail landscape is evolving to provide lifestyle options that drives economic velocity and leads to urban transformation.

Nigeria is indeed a retailer’s delight. Nigeria with a population of 167 million people (the 7th largest in the world) and over 80 million people living in its metropolitan areas as well as a consumer spending in excess of about $100 billion a year and a fast-growing middle class is definitely the most promising market on the African continent.

 

According to the 2016 AT Kearney Global Retail Development Index, despite country’s economic recession, Nigeria Retail sector ranked 19th in the world and 3rd in Africa out of the 30 top developing countries for retail investment in the world, based on all relevant macroeconomic and retail-specific variable, grossing a total national sale of N38tn ($125bn) in 2016…….

To learn more about the Nigeria Retail Market, the emerging huge opportunities of the market and how to can take advantage of the growth opportunities the market offers, attend the 4th edition of The Retail Leaders Conference – TRLC, Nigeria 2017

About The Retail Leaders Conference – TRLC, Nigeria 2017

One amazing day of World-class retailing experience for retail leaders like you!

The Conference (TRLC) now in its 4th edition is an annual colloquium of retail thought and practice leaders and the ultimate go-to event for retailing in Nigeria and West Africa. The Conference provides leaders with an opportunity to brainstorm, discuss and align on the key issues, challenges and opportunities of the Nigerian Retail Industry and importantly how, to drive the sustainable growth of the Industry.

The theme of this year’s edition is Supporting Retail: The Next Driver of Nigeria’s Economic Growth”

This year’s conference comes against the backdrop of major economic upheavals and structural challenges. The government is actively seeking to reposition the country with emphasis on diversification of the economy. A key sector that is set to become a major growth pillar is retail.

The Conference is an exciting one-day event that includes a combination of high-level strategic thinking, business envisioning and in-depth explorations of winning retail strategies and opportunities. You get a chance to hear success tips from our guest speakers and learn the secret sauce of retail business success from other retail leaders. In addition, there will be great networking opportunities!

 

REGISTRATION/PAYMENT

To Register and make Payment, please go to: http://retailleadersconference.com/register.php

For Multiple Registration/Special Offers go to:  http://retailleadersconference.com/multi-register-ng.php

If already Registered, to make Payment, please go to: http://retailleadersconference.com/payment-pag.php

Joseph Ebata

The President

Bervidson Retail Group

Convener of The Retail Leaders Conference

+234 291 7328; +234 8033434776; +234 8093344776; +234 8089338444 

3B Hakeem Dickson Road, Lekki Phase 1, Lekki Lagos