Consumer spending to boost mass market retailers

Strong consumer spending will benefit the mass grocery retail market but value-added services such as online shopping are not expected to gain much ground given logistics and infrastructure hurdles, a research firm said.

“Growing consumer spending on food and non-alcoholic drinks, an urbanizing population and the majority of households falling in the low-income bracket will benefit the development of the formal mass grocery retail (MGR) market … notably price-competitive hypermarkets and supermarkets,” Fitch-owned BMI Research said.