engleski

Changes in Retail Industry in the EU

Retail is an important industry of each national economy. In EU it is an important source of employment and significantly contributes to the GDP creation. Moreover, almost one fifth of all companies are registered in retail industry. In the past decade retail industry is changing from applying domestically oriented towards internationally oriented business strategies. The importance of large companies in this industry is growing, too. Retail trade concentration process is recognized in all EU countries. The main goal of this paper is to analyze and to explain some of prevailing trends in retail industry. The major method of research was secondary data collection and analysis. The paper does not focus on European member states only, yet it includes Croatian retail sector in order to compare the situation in the retail in-dustry between EU countries and transitional economies. The findings of the paper suggest some similari-ties between EU member states and Croatian market and confirm concentration process in EU countries and Croatian retailing.

retail; distributive trade; EU; concentration; internationalization

nije evidentirano