With the U.S. economy growing at a slow pace and Europe digging itself out of a debt crisis, the focus has turned all the more so to emerging markets. And it’s not just because the economic expansions of China and India are outpacing the growth rates seen in traditional Western retail venues. Retail is a mature industry in the U.S. and Europe, with competitors vying for share even in the tiniest nooks and crannies of the market. But in markets that are rapidly modernizing, masses of people are just getting a taste for international brands and new supermalls are being built—new worlds to conquer for global businesses yearning for growth. A.T. Kearney, looking at 25 variables, ranks the countries most ripe for retail expansion in its Global Retail Development Index. Here’s a look at this year’s top 10, with some selective perspective from the consultancy, the CIA World Factbook, The World Bank and WWD.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"