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HK, Singapore, Shanghai, Beijing and Tokyo among top 20 global cities for international retailers
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.
Global Retail Theft Barometer Study finds shrinkage in Japan is the 2nd-highest in the world
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.
Taking Stock: Consumer confidence in a weak global economy
Asian markets have shown resilience in the face of a slowing global economy.
MasterCard’s newly released Insights Report showed that markets with the highest level of consumer confidence and those that are most resilient to a slowdown in merchandise exports have the strongest potential to weather the economic downturn.
At the opposite end of the spectrum, markets with very low consumer confidence and those that are also most vulnerable to a slowdown in merchandise exports have the least potential.
Wanted: Global retail experiences tailored to local needs
Consumers are demanding retail experiences that are global, yet localized for their needs. What is defined as 'good for me' is relative to individual shopping preferences.
These were among the findings of a survey commissioned by Oracle Retail in August 2012 to examine the evolving marketplace and help retailers meet customer demand and compete more effectively.
Respondents were consumers between 18 and 60 years of age in Brazil, China, Germany, Japan, Russia, the UK and the US.
Deloitte: Retail revenues rebound despite global downturn
Revenues of the world’s 250 largest retailers topped USD4 trillion in fiscal year 2011, or a 5 percent year-on-year increase in retail revenue despite the global economic downturn, according to the 2013 Global Powers of Retailing report from Deloitte Touche Tohmatsu Ltd. (DTTL).
Fiscal year 2011 encompass companies’ fiscal years ended through June 2012, Deloitte explained.
Retail bankruptcies in UK soar for third year
More retailers expected to go bust in new year after early signs show Christmas and new year sales boom has been short-lived
The number of retailers filing for bankruptcy has continued to mount over the past three years, rising 6% last year compared with 2011 and up 18% on 2010, a report from accountants Deloitte shows.
Global year-end sales sluggish
Year-end sales globally were roughly the same as last year, with mainland China and other emerging markets doing better than the US, Europe and Japan.
Such sales have become a valuable pointer to retail business patterns in the year ahead, according to Daniel Poon, principal economist of the Hong Kong Trade Development Council (HKTDC).
Poon forecast Hong Kong's exports would grow 4 percent next year, boosted by growing demand in emerging markets and the mainland.
Study: Emerging markets lead retail sales in 2012
The Chinese mainland and other emerging markets such as Brazil, Mexico, Chile, Poland and Russia have outperformed traditional markets such as Europe and the United States in global retail sales this year, a new study released on Friday by the Hong Kong Trade and Development Council (HKTDC) showed.
While global year-end sales were roughly the same as last year and weather conditions this year were mostly conducive, HKTDC noted that sales receipts were mostly passable in the US and to a lesser extent in Germany, and mostly tepid in the United Kingdom, France, Japan and Italy.
Taking Stock: Big brands eye international expansion
International expansion is increasingly getting attractive for the world's biggest brands, spurred by weak consumer spending in developed markets.
In Asia, for example, consumer appetite for Western brands remains high and competition is less fierce. Retailers are looking at the possibilities, while also exploring opportunities for introducing multi-channel and other innovative offerings, especially in emerging markets.
Global economy, social media seen as biggest sources of business risks
A new survey from US-based Deloitte & Touche LLP and Forbes Insights reveals that more than one-third of survey respondents see the global economic environment as the most important source of risk over the next three years, and more than one in four respondents identify social media as high-risk and growing in influence.
