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Report: China Will Top US as World’s Largest Retail Market by 2018

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Retailers aren’t worried that China’s economic growth slowed to a six-year low of 7 percent in the first quarter of 2015. According to a new report by strategy and management consulting firm A.T. Kearney, the country will surpass the United States as the world’s largest retail market within three years as global brands clamor to cater to an increasingly wealthy consumer class.

The 2015 Global Retail Development Index, published Monday, ranks the top 30 developing countries for retail investment taking into account such variables as market size, how saturated it already is and overall riskiness.

Read more at Sourcing Journal.

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