Opportunities for retail expansion in sub-Saharan Africa are just opening up, but U.S. retailers might already be losing out to more ambitious competitors in other markets in the race to expand into the world’s fastest-growing region.
That’s among the messages contained in consulting firm A.T. Kearney’s first African Retail Development Index, a subset of the company’s annual Global Retail Development Index that reveals strong economic expansion, rapid urbanization and small but growing opportunities for fashion retailers in the region.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)