Surge In The Global Retail Market 2018 Outlook- Ken Research
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| Global Retail Market Analysis |
Global
Retail - In the recent market trend the retail
markets is entailing significantly whereas the ancient era market has remained
less updated. Up gradation in the technology and modernization in the young
youth are the growth drivers of this market globally. Whereas retailing is that
process in which selling of consumer goods and services to customers with the
help of numerous channels is done for earning handsome amount of share.
Moreover, with the various tools, developed technologies and improved
strategies, the retail market is leading a successful growth in the new world.
Not only has this, E-commerce is also playing a vital role in this market and
allowing consumers to shop however, wherever and whenever they want whether in
store, online, voice activation and by mobile. By using the facilities of
E-commerce the consumers can share their experience just after getting the
goods and services which may help the key players in knowing the weaker section
of their services. Furthermore, more modernization and drastic change in life
style can lead to a profitable growth and a higher return on investment.
According to the report analysis, ‘Global
Retail 2018: Issues And Trends’
suggests that some of the major companies which are currently functioning in
this market globally in a very efficient manner includes 7Fresh, Aldi Group,
Alibaba, Amazon.com Inc, Apple Auchan, Bing Box, BonTon, Carrefour SA, Costco
Wholesale Corp, CVS Health Corp, Daiso, Donki, Eataly, Ebay, FarFetch, Flipkart
Online Services Pvt Ltd, Flying Tiger, Future Group, GOME Electrical Appliances
Ltd, Hema, House of Fraser, Hudson's Bay, IKEA, ITC Group, JD.com Inc,
Karstadt, Kohl's, Lowe's Companies, Inc., Macy's, Nespresso, Nordstrom, Normal,
President Chain Store Corp, Project Anne, Reliance Industries Limited, Saks,
Schwarz Beteiligungs GmbH, Sears, Selfridges, Seven & I Holdings Co Ltd, SK
Planet, Suning Commerce Group Co Ltd, Target Corporation, Ted Baker, Tesco Plc,
The Kroger Company, ThreadUp, Vipshop Holdings Ltd, Walgreens Boots Alliance,
Inc., Wal-Mart Stores Inc, White Company, Yonghui Superstores Co Ltd, Zalando,
Zara and others.
The development in the technology of
e-commerce seeks the retailers to understand their share in the market and come
to know more about the consumer spending, and how their consumers search, shop
and buy. In the recent trend, the leading players are benefitted of their
physical spaces and emergence of business whereas, development in the economy
leads their businesses through online franchises. Whereas, the western
retailers are adapting and changing their businesses and new entrants are
expanding beyond their core, online businesses and partnering with physical
retailers to adapt to changing consumer demand and lifestyles. The platform of
retailing is taking over from the traditional retail model as both online and
offline retailers utilize technology and data to understand consumer shopping
behavior in both the physical and virtual environment.
The retailers which are successful in global Retail market will continuously find ways to expand their relationship with
their customers. For targeting more customers globally the retailers need to
leverage technologies to better understand the customers and to make the
distribution channel more effective. Hence, technology will continue to play a
significant role in retailing. Moreover, the smart retailers with the help of
upgraded technology can collect the data and analyze consumer preferences and
track the inventory. Therefore, the
retail market is expected to grow globally even more in the coming years over
the decades with the development in the technology and through traditional
advertising.
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Ken
research
Ankur gupta,
head marketing & communications
+91-9015378249
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