Retail Pro International Continues to Deliver on Commitment to Support Retail Everywhere by Growing its Foothold in Emerging Markets
Folsom, CA – September 4, 2013 – Retail Pro continues to gain momentum in a continuing effort to bolster its international footprint. Recently, a combination of several high-profile international deployments, upper management hirings in emerging regions, and the expansion of training offerings to include courses in other languages highlight this retail software developer's desire to establish a strong position in emerging markets to take advantage of the opportunities afforded by the growing retail sector and in anticipation of future retail penetration by expanding multi-national retailers, many of which operate on the foundation of Retail Pro® products.
Retail Pro's focus on retailer expansion into smaller, emerging markets is consistent with recent findings from the 2012 Global Retail Development Index (GRDI). The index underscores the burgeoning opportunity for retail penetration into smaller Latin American and Asian markets, such as Chile, Peru, and Malaysia, while larger developing markets like India, China and Brazil continue to mature.
Middle Eastern markets also continue to remain attractive to expanding retailers. Saudi Arabia, United Arab Emirates, Jordan and Kuwait all rank among the GRDI's top 25 developing countries for retail expansion. Retail Pro recently strengthened its presence within the region by adding Israel to its footprint, bringing the tally of countries served by the retail software developer to 87.
"The Middle East has evolved into a key market for international retail brands", explains Alexandra Frith, Director of Marketing at Retail Pro International. "A progressive retail culture, strong consumer purchasing power and an unprecedented investment in general retail floor space throughout the region have set the stage for the emergence of the Middle East as a premier attraction for retailers across the remainder of this decade."
"We've been paying close attention to the emergence of the East Asian and Middle Eastern markets for the last few years", states Retail Pro International's CEO, Kerry Lemos. "I think the progress we've made in these regions reflects that. The way I see it, from a global perspective, is that as technology continues to create new possibilities, more and more retailers are clamoring for flexible solutions enabling them to separate themselves from competitors by improving experiences and internal workflows, in spite of hardware limitations or organizational challenges. Emerging markets have a lot of momentum in that regard, and you're seeing that in action in Saudi (Arabia), UAE, Jordan and other countries in the region."
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About Retail Pro
Retail Pro International, LLC is a global leader in Point of Sale, Store Operations, Merchandising, Planning, Business Intelligence, and Payment Processing software applications for the specialty retail industry. For over 20 years, Retail Pro has enabled specialty retailers to achieve their full potential through a unique, scalable, reliable, and highly customizable retail management solution.
Today, Retail Pro is used by more than 52,000 retail stores globally in markets such as fashion, luggage, footwear, collectibles, gifts, home furnishings, sporting goods, and accessories. With unparalleled functionality, flexibility and ease-of-use, Retail Pro has established itself as a trusted solution for today's specialty retailers worldwide. The solution is delivered through a global network of business partners to over 87 countries, translated in 18 languages.
