Brazil and India to become a popular credit card market

Brazil to the high consumption of clothing products with a strong trend in imports of textiles, for example, as well as its domestic consumer-to-date fashion favored by the global management consultancy AT Kearney (AT Kearney) that the company, the world's clothing retailer in Brazil has a huge potential for success. Kearney retail clothing Index (AT Kearney Retail Apparel Index) to focus on driving the 10 indicators, including consumption of clothing and import / export, and then assess appropriate clothing retail investment prior to the 30 big emerging markets. Kearney consulting firm partner Hana Ben-Shabat that Brazil as a result of a large population and high demand, its success has become the most attractive emerging market for clothing. Brazil clothing market each year to more than 7% growth, forecast up to 37,200,000,000 U.S. dollars. Brazil since the age of 29 years of age population of the total population of more than 60%, to be called a young country, its average annual consumer spending on clothing purchases amounting to 402 U.S. dollars more than the average Chinese consumer's 6 times. Brazil and the use of consumer credit card to buy clothing rate than other emerging markets than many consumers. In addition, the small, local retailers in Brazil's highly fragmented domestic retail apparel market, accounting for about 6 percent. Kearney clothing retail index ranked No. 2 and 3 of the emerging retail clothing market in China and India, if sustained economic boom risen, China and India will have two places in the clothing product per capita consumption of a significant amount of growth potential. 84,000,000,000 U.S. dollars of trade volume to give China the world's No. 3 largest clothing market, and large-scale retail clothing accounted for only 17%. China, the average monthly cost of clothing for 45-90 dollars, compared with the other countries most obviously on the low side. However, regular buyers - high-end clothing of the rich middle class has emerged in the metropolitan area, in particular the consumers of occasions, such as the Chinese New Year, weddings and important meeting, an annual procurement of up to 3 - high-end clothing . Kearney consulting firm pointed out that China's consumer focus more on the upstart fashion, it is more about fashion brand, it is to remind the international clothing retailers should meet the needs of Chinese consumers popular taste. In India, clothing and food is secondary to the 2nd largest grocery retail products, accounting for 37,000,000,000 U.S. dollars in India's retail market into one; India because of disposable income than the growth rate for China or the United States, forecast its apparel retail market Can grow 12-15%. India's middle class is gradually increasing, mainly garments for the development of shopping mall focusing on the building, as well as the continued popularity of the use of credit cards in India driven by the growth of retail clothing. Kearney clothing retail index ranked 4-10 in emerging markets were Turkey, Chile, Romania, Argentina, Thailand, Russia and the United Arab Emirates. Note: The index of retail clothing line with the consulting firm AT Kearney since 2001, a year of the 30 emerging markets for the most attractive retail investment research, the release of the global retail development index (Global Retail Development Index), published for the first time this year in response to attractive investment in the retail clothing market research.