Hong Kong, Singapore, Shanghai, Beijing and Tokyo are among the top 20 cities where international retailers have the largest presence, according to the 2012 edition of How Global is the Business of Retail? by global property adviser CBRE.
According to the fifth annual edition of the Global Retail Theft Barometer, retail shrinkage rate in Japan is 1.04 percent of sales, the third-lowest in the world. However, this rate was up 4 percent compared to the previous year. The total shrinkage amount – profit loss due to customer and employee theft, supplier/vendor fraud and administrative errors – in Japan reached JPY774 billion (USD9.96b), the second-highest worldwide, representing almost 53 percent of the total sum in the Asia-Pacific.
Global Christmas sales for 2015 performed steadily overall, according to a report by the Hong Kong Trade Development Council (HKTDC). The report, based on preliminary Christmas sales in markets around the world, also highlighted varied sales patterns in different regions, while earmarking the United States and Europe, most notably the United Kingdom and Germany, as bright spots. End-of-year retail sales are regarded as a bellwether for the retail business in the year ahead.
When the physical and digital worlds are converging and seamless shopping – true omni-channel retailing – are table stakes for today's retailers, there are three imperatives that they have to get right to compete and win:
Shopping – perhaps more properly described as the retail sector – is still the linchpin of most economies. But, it is changing, and changing fast. And the consequences for pure-players that continue selling on a single channel, could well be as severe as the fall of the Roman Empire was for some merchants of those days— extinction!
Merchants are primed for omnishoppers' loyalty, a new survey says. MasterCard on Thursday released a new report Retail CMO’s Guide to the Omnishopper which combines survey data from thousands of shoppers around the globe with transaction-based insights from MasterCard. It reveals that despite having nearly endless choices a click away, only 30 percent of shoppers around the world like to try new merchants. Just 20 percent say technology has led them to consider a new retailer.
How is your organization preparing for the digital age? It's no secret that the relevance of traditional print and broadcast channels has declined, completely changing the consumer-corporation dynamic. Marketers no longer drive the discussion.
Everyday people are now the style-makers and trendsetters. For marketers trying to compete in the digital marketplace, it's incredibly difficult to surface your message above the noise. With such high channel fragmentation, making strategic decisions on audience, content and platforms is critical.
Make no mistake: eCommerce will emerge as a dominant player in retail sales.
Companies like Amazon, Alibaba, and even Ebay want to make sure that happens. To be fair: this won't mean the end of physical retail stores, but it will mean rapid transformation in the way retailers view logistics and customer habits as technology increasingly influences both. So how will technology eat away at the astounding 94 percent market share that brick and mortar retailers own?
Global e-commerce sales made through mobile devices are expected to cross USD638 billion by 2018, says a joint study by ASSOCHAM and Deloitte.
At present, the availability of e-commerce applications on various mobility devices is helping to drive sales and revenue. E-tailers like Flipkart, Amazon and Jabong now get 50 percent of their revenues from consumers shopping on their mobile phones, D.S. Rawat, secretary general ASSOCHAM said.
Years 2013 and 2014 saw an unprecedented level of cyber assault on retailers. Several major breaches hit the headlines and retailers reported tens of millions of customer data and credit card records exposed. Despite widespread attention to payment card industry (PCI) compliance, cyber criminals have clearly taken retailers by surprise.