THE country’s retail industry is poised to become a “hot spot” for local and international retail investments with the current boom in consumer spending and economic growth, a global investment consultancy group said.

Oxford Business Group (OBG), in its economic update last week, said the Philippines represents “an important new market” in retail sales and investment as they expect the growth in the economy and the Filipinos’ purchasing power to continue in the next few years.

This citation can raise potential need for marketing and retail related programmes and expertise in the local market. Reports