Retail
Industry AnalysisThe HR department in the Philippines under the retail sector can help their company grow in relation to opening up after the pandemic by doing the following:
- Invest in employee training and development.
- Enhance employee engagement and retention.
- Embrace and streamline your technology.
According to a report by Mordor Intelligence, the retail industry in the Philippines is expected to grow at a CAGR of 4% by 2027. The report also provides a detailed analysis of the retail industry in the Philippines, including its size, share, and growth trends. 1 Another report by GlobalData forecasts that the overall retail industry in the Philippines will grow at a CAGR of 7.7% between 2020 and 2025 to reach ₱ 11,601 bn. The food and grocery sector is the dominating sector with ₱ 5,608 bn in 2020, but other sectors are also growing, such as electronics and appliances, furniture, and several household products. 2
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