Companies and Markets
Call us on +44 (0) 203 086 8600
Market Research A to Z | Company Profiles A to Z | RegisterRegister | Contact UsContact Us | Shopping Basket Shopping Basket
+44 (0) 203 086 8600 Call us on

Global retail market looking to online and mobile for growth

Industry Sector

Retail

Published

29 November 2012

Author

Mike King

Type of News

Market

The global retail market managed to avoid the economic downturn in western economies that make up the traditional market for the world's consumer products, by exhibiting year-on-year growth rates that hold promise for all players regardless of sector or scale.

Simply retailing means, directly selling many goods or commodities and services to the consumer. Retail business involves selling commodities from a retail store, online orders, through vendors and so many other polices.

Several factors contributed to this resiliency, paramount of which are the favourable conditions in emerging markets, the adoption of new retailing strategies and technologies, and the robust growth of the world population.

In 2012, retailers will continue to look to enter new markets like Asia Pacific, Africa and South America as higher growth in these regions continues, and they will look to improve their existing operational performance in these markets to achieve sustained growth.

Luxury goods have weathered the recession well, with demand from emerging market consumers and travel retail fuelling the industry. At the other end of the spectrum, economy retailers are making inroads as cash-strapped consumers look for bargains in both grocery and non-grocery. Both forces are squeezing the middle market.

Online retailing is attracting ever more consumers. The array of products available online is expanding. Bricks-and-mortar outlets are becoming victims of "showrooming", which is forcing companies to become "omni-retailers" or lose sales.

With the incredible speed at which the iPhone 4S sold - one million units in 24 hours, four million the weekend it was launched - and smartphones emerging as the most dominant consumer technology platform, one cannot mention the global retail market without also discussing mobile. Moreover, since a significant population of mobile users has not even reached shopping age, one can anticipate that mobile, and all the capabilities and opportunities it offers, will be top of mind among retailers in 2012.

To conclude, retail industry players should identify and capitalise on the sweet spot between domestic interests and offshore operations in emerging markets in order to succeed and grow globally. Just like when managing mutual funds, global retail players should implement risk management strategies by closely maintaining a mixed portfolio comprising of markets with different risk and reward factors.

For more information on the global retail market, see the latest research: Global Retail Market

Follow us on Twitter @CandMResearch

Visitor Comments

All posts are pre-moderated and must obey the house rules.

Change Currency

GBP
USD

Change Currency

GBP
USD

Use our research skills: Get free support

Free Research Support: Let us do the work for you and find information from public and private sources of information. Contact us now and we can save you time and money.......Free Research Support

December Discounted Prices: Contact us to ask about our special discounts available in December

For the last month in 2014 we are offering discounted prices on a selection of new reports. Please contact us on 00 44 (0) 203 0868600 or via email (click here to email) to ask about prices and special discounts.

Available during December and the run-up to Christmas; Discounted prices on a selection of our reports.

Find all the research at the best prices. Great promotions being offered during December!

We are offering our clients substantial savings on the best research available during December. Please contact us either via emailor by calling our team to discuss your specific research needs on Tel: 00 44 (0) 203 0868600. We look forward to being able to find you the research you require at good prices.

Accessibility
Close

Contrast settings

Text size settings