The ongoing divergence in market conditions and the appeal of entering new territories was again underlined at MAPIC.
Jones Lange LaSalle‘s head of retail research for EMEA, James Brown, summed up the mood of the market in his MAPIC keynote address on the final morning.
“We’re currently seeing deterioration in retailerr and consumer confidence,” he said, “But there are important regional variations–Germany and the Nordics are still much stronger. And Central and Eastern Europe can expect strong retail sales growth, while the ‘Club Med” contries are facing declines.
Jones Lang LaSalle’s research has identified Poland, Russia and, increasingly, Turkey as enduring hotspots with “strong retail sales growth and strong fundamentals.”