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2011年零售业增速同比放缓;行业驱动因素忧大于喜,经济放缓构成行业下行压力,较大的通胀压力对消费构成抑制,消费者信心下降,较高的个人税负不利于扩大消费,但居民收入稳步增长、十二五扩大消费意见出台,对行业构成利好。预计2012年行业增速将继续放缓,子业态分化加剧。百货业带娱乐休闲功能的大型购物中心发展前景广阔;超市业收入平稳增长,成本压力加大;刺激政策相继到期,构成家电连锁业较大利空;珠宝首饰连锁业步入快速发展期。
2011 growth rate of retail sales slowed down year on year; industry drivers worry more than hi, the slowdown in the economy constitute the downward pressure on the industry, the larger inflationary pressures inhibit consumption, consumer confidence, higher personal tax burden is not conducive to expanding consumption However, residents’ income increased steadily. The introduction of the 12th Five-year Plan to increase consumption led to a positive result for the industry. It is expected that the growth of the industry in 2012 will continue to slow down and the differentiation of sub-industries will intensify. The large-scale shopping mall with entertainment and leisure functions in the department store has a bright future for development. The revenue of the supermarket industry has been steadily increasing and the cost pressure has been exacerbated. The stimulation policies have expired one after another, which constitutes a big negative for the home appliance chain industry. The jewelry chain industry has entered a period of rapid development.