The Wealth Report provides the definitive global perspective on
prime property and wealth.
It includes a guide to the performance of the
world’s key luxury residential markets and HNWI growth forecasts over
the next decade for over 80 countries (including POLAND) and cities.
Poland with HNWI number in 2012 - 799 have forecast to nearly double it (41% increase) in 2022 1,128.
"(...) Nevertheless, recovery-play opportunities are emerging around Europe. These can be found in Germany, the stronger Eastern European economies like Poland, and the Nordic states. In all three, economic growth held up well for much of 2012 and, while the near-term outlook is frosty, in the long run they have shown resilience in difficult times, positioning them as early-stage recovery investments.
Poland’s economy has defied the credit crunch and the euro crisis to avoid recession altogether. Rents for prime offices in Warsaw have risen 13% since 2009, although in 2012 they remained steady, with yields unchanged at 6.25%. This compares well with the falling rents and rising yields seen in places like Madrid and Milan, and consequently we expect Poland to rise up the pecking order in the eyes of
property investors looking at Europe."
Read whole report
Blog about polish (but not only) fashion & e-commerce with knowledge sharing, tips, reports and more.
poniedziałek, 2 grudnia 2013
czwartek, 2 maja 2013
Euromonitor International - "Apparel in Poland" Report
Report from years 2007-2012 with forecast till 2017 (the forecast performance strictly relates to the stagnant economic
circumstances which are predicted for Poland over the forecast period)
Most interesting facts:
In the Polish market apparel specialist retailers is the dominant channel, responsible for most sales of apparel. On the other hand, there are dynamically rising shares for distribution channels which best respond to consumers’ expectations in terms of low prices. Thus, there has been a rise in apparel discounters, hypermarkets, outlet shops and internet retailing. Discounters and hypermarkets address their offer to consumers with lower purchasing power. In turn, outlet shops and internet retailers are visited by consumers who are in search of branded products at low prices. The leading position in footwear is held by domestic operator MG2, which manages the popular CCC retail network in Poland. These shops feature relatively low prices, which is the most important factor drawing the attention of many Polish footwear shoppers.
The growth achieved in 2010-2011 was higher than in 2012. The main factor restraining growth was the stagnant economic situation, which negatively affected consumers’ purchasing power. In particular, limited personal incomes resulted from wage freezes, rising inflation and rising unemployment. Facing reducing real personal incomes, Poles were not able to significantly increase their expenditure on apparel, and in many cases were forced to limit their expenses.
The key trend in 2012 was consumers’ desire to maintain volume purchases, yet at low prices in order to maintain or even to limit their expenditure on apparel. The pressure on pricing meant that operators intensified their endeavours to attract consumers, either with low prices or different types of bargains and sales promotions. The scale and depth of sales promotions organised by retailers has been intensively rising; increasingly resembling respective campaigns organised in Western European countries. The leader in such sales promotion was LPP, which started intense seasonal sales in the week before Christmas in December 2012.
Whole raport avaliable here: http://www.euromonitor.com/apparel-in-poland/report
Most interesting facts:
"Forecast period will feature intense price competition amongst the main operators. Under these difficult circumstances, the market will present signs of concentration. In particular, the smaller independent operators (both manufacturers and retailers) will face difficulties, and will have trouble surviving in the market. In turn, the market situation will facilitate the development of large fast fashion operators, discounters, outlet shops and internet retailers.
Apparel specialist retailers is followed by discounters, outlet shops and internet retailing
Poles will strive to maintain their volume purchases of apparel; however, they will tend to do their shopping at low pricesIn the Polish market apparel specialist retailers is the dominant channel, responsible for most sales of apparel. On the other hand, there are dynamically rising shares for distribution channels which best respond to consumers’ expectations in terms of low prices. Thus, there has been a rise in apparel discounters, hypermarkets, outlet shops and internet retailing. Discounters and hypermarkets address their offer to consumers with lower purchasing power. In turn, outlet shops and internet retailers are visited by consumers who are in search of branded products at low prices. The leading position in footwear is held by domestic operator MG2, which manages the popular CCC retail network in Poland. These shops feature relatively low prices, which is the most important factor drawing the attention of many Polish footwear shoppers.
Fierce competition between domestic and international brand owners
Apparel in Poland features fierce competition between domestic and international operators. The leading positions are held by two main competitors, which are domestic company LPP and international company Zara Polska, which belongs to the Spanish Inditex Group (Industria de Diseño Textil) and H&M in my opinion. Companies present a similar market approach, having a few brands each, with large networks of branded apparel specialist retailers.The growth achieved in 2010-2011 was higher than in 2012. The main factor restraining growth was the stagnant economic situation, which negatively affected consumers’ purchasing power. In particular, limited personal incomes resulted from wage freezes, rising inflation and rising unemployment. Facing reducing real personal incomes, Poles were not able to significantly increase their expenditure on apparel, and in many cases were forced to limit their expenses.
The key trend in 2012 was consumers’ desire to maintain volume purchases, yet at low prices in order to maintain or even to limit their expenditure on apparel. The pressure on pricing meant that operators intensified their endeavours to attract consumers, either with low prices or different types of bargains and sales promotions. The scale and depth of sales promotions organised by retailers has been intensively rising; increasingly resembling respective campaigns organised in Western European countries. The leader in such sales promotion was LPP, which started intense seasonal sales in the week before Christmas in December 2012.
Whole raport avaliable here: http://www.euromonitor.com/apparel-in-poland/report
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