World's hottest emerging retail destinations revealed

Three Gulf countries named among top 10 emerging countries for retail expansion
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Management consultant AT Kearney on Monday revealed its latest Global Retail Development Index (GRDI), ranking the top emerging countries for retail development. The index identifies windows of opportunity for global retailers to invest in developing markets. \nApart from identifying the markets that are bigger or richer, the GRDI also identifies the markets that are hotter and bursting with opportunity. Here's looking at the top-ranked 10 countries:\n(Source: www.atkearney.com)
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Rank 10: Turkey\n2010 Rank: 18\nChange: +8 --\nIn total, AT Kearney’s Global Retail Development Index ranks 30 emerging countries on the urgency for retailers to enter the country. The scores are based on 25 variables across four primary categories: economic and political risk; market attractiveness; market saturation; and time pressure (difference or addition between gross domestic product and modern retail area growth)
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Rank 9: UAE\n2010 Rank: 7\nChange: -2 --\nThe MENA region ranked highly in the 2011 GRDI was the Middle East and North Africa. While the political unrest may affect immediate plans to enter countries such as Egypt and Tunisia, the region’s extraordinarily young population (more than 60 percent between the ages of 15 -39) could result in greater economic stability and integration into the world economy in the long run, AT Kearney said
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Rank 8: Peru\n2010 Rank: 9\nChange: +1 --\nSouth America has jumped to the head of the index this year, based largely on countries’ continued growth through the global meltdown and lack of investment fatigue that has impacted some of the historical chart-toppers, AT Kearney noted
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Rank 7: Saudi Arabia\n2010 Rank: 4\nChange: -3 --\nAccording to AT Kearney, the GRDI focuses on opportunities for mass merchant and food retailers, which are typically the bellwether for modern retailing concepts in a country
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Rank 6: China\n2010 Rank: 1\nChange: -5 --\nThe 2011 Global Retail Development Index marks the 10th anniversary of this global study. The key learning from an analysis of the last 10 years is that global retail expansion is a portfolio game. Retailers must have an optimal mix of countries, formats and operating models to succeed
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Rank 5: Kuwait\n2010 Rank: 2\nChange: -3 --\nKuwait, Saudi Arabia, and the UAE (all top 10 GRDI markets in 2011) have not experienced the turmoil of some of their neighbours and are expected to remain stable going forward
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Rank 4: India\n2010 Rank: 3\nChange: -1 --\nAsia has dropped in the rankings to make room for South America, even though India and China continue to lead the way out of the global recession to global recovery, AT Kearney said in its report
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Rank 3: Chile\n2010 Rank: 6\nChange: +3 --\nAccording to the AT Kearney report, Chile rose to #3 in the ranking after a strong recovery from the 2009 recession. It is now considered one of Latin America’s most competitive markets. The government created incentives to stimulate retail consumption, and as a consequence Chile’s GDP grew 5.2 percent in 2010 and is expected to grow another 6.1 percent in 2011.
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Rank 2: Uruguay\n2010 Rank: 8\nChange: +6 --\nUruguay is riding Brazilian coattails, and experienced significant GDP growth of 8.5 percent in 2010. The country’s limited scale combined with positive macroeconomic conditions makes it an interesting choice for retailers looking to expand into more contained markets, AT Kearney said
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Rank 1: Brazil\n2010 Rank: 5\nChange: +4 --\nMichael Moriarty, AT Kearney partner and study co-leader said, “Brazil is an attractive target expansion market given expected GDP growth of 5 percent per year over the next five years, a large and highly urban population, and surging retail sales. He also noted, “In addition to the substantial investment in infrastructure the Brazilian government is planning, inflows of foreign capital are rising dramatically as well”