Fair to boost $125b re­tail in­dus­try

The Guardian (Nigeria) - - BUSINESS - By Femi Adekoya

OR­GA­NIZ­ERS of the 2017 Home, Dé­cor and Gift­ware (HD&G) trade and ex­hi­bi­tion fair, Clar­ion Events West Africa, have stated that this year’s expo is tar­geted at open­ing up new chan­nels and op­por­tu­ni­ties for trade be­tween Nige­rian re­tail buy­ers and in­te­rior de­sign­ers with lo­cal and in­ter­na­tional sup­pli­ers and man­u­fac­tur­ers.

The Com­mer­cial Di­rec­tor, Clar­ion Events West Africa, Rus­sell Hughes, ex­plained that over the past half decade, Nige­ria’s re­tail sec­tor has con­tin­ued to record im­pres­sive growth which he said has been driven by in­creas­ing con­sumer buy­ing power and rise of the mid­dle class. Ac­cord­ing to him, Nige­ria’s re­tail sec­tor is worth over $125 bil­lion, point­ing out that it is against this back­drop that his com­pany part­nered with stake­hold­ers in the in­dus­try to or­ga­nize this year’s trade and ex­hi­bi­tion fair to ex­pose the sec­tor to the world.

“One of our strong­est port­fo­lios within our global groups is our re­tail and home­ware port­fo­lio which is made up of 14 high qual­ity, an­nual trade events. Th­ese events sup­port over 3000 ex­hibitors and spon­sors giv­ing them the op­por­tu­ni­ties to meet and do busi­ness with more than 60,000 dis­cern­ing re­tail­ers and pro­fes­sion­als,” he said.

Hughes dur­ing the open­ing cer­e­mony of (HD&G) in La­gos, said fea­tured in the ex­hi­bi­tion is a vast ar­ray of Made-in- Nige­ria items as well as some of the most sought af­ter and newly dis­cov­ered in­ter­na­tional brands.

In his words, “We will be host­ing free to at­tend sem­i­nars through­out the 3 days with case stud­ies shared on ac­cess­ing fi­nance to help fu­ture growth, how to de­velop cus­tomer loy­alty, build­ing brand iden­tity, im­prov­ing your-in-store ex­pe­ri­ence, lo­gis­tics, stan­dards com­pet­ing in the global mar­ket and how to lever­age on the e-com­merce boom.”

Also speak­ing at the event, the Chief Ex­ec­u­tive Of­fi­cer, Adam and Eve, Modupe Ogun­lesi, said de­spite the im­pres­sive re­sults recorded by the na­tion’s re­tail sec­tor, the fed­eral gov­ern­ment must con­tinue to pro­vide the en­abling en­vi­ron­ment for busi­nesses to thrive in the coun­try.

She noted that busi­nesses and en­trepreneurs are still faced with myr­iad of chal­lenges rang­ing from poor ac­cess to fi­nance for busi­ness start ups, mul­ti­plic­ity of taxes and in­ad­e­quate in­fra­struc­ture.

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