Today's consumers' access and share information to an ever-increasing degree-while demanding a more personalized and interactive retail relationship. The retail industry is highly competitive because of ever changing consumer preferences and the need for marketing differentiation. The Retail enterprises need to focus on costs throughout the consumer value chain because of proliferation of new products and categories and ever increasing demands to optimize value chains.
We help world's leading retail brands to understand the changing dynamics of retail industry globally. We centre our retail industry research on both the emerging economies, like Vietnam, Brazil, China, and India, and developed countries like the US.
Our convenience store market reports present the picture of changing retail industry with the emergence of organized retailing and modern retail formats like convenience stores, supermarkets and hypermarkets.
Most Asian countries experienced a 10% increase in new stores in the year 2005, with the exception being Japan. In future Indonesia, Vietnam and India are expected to be the potential markets....
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The structure of household consumption in Russia has changed significantly over the past five years: the share of income spent on foodstuffs dropped from 51% in 1999 to 46% in 2005....
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Retail food sales still dominate the total retail market accounting for almost 54% of the total retail sales. Consumer preference is shifting from household to personal consumption....
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As per the research, it was found that Department stores & Convenience Stores registered sales growth rate of 25.7% & 35.6% respectively in year 2005....
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Large supermarkets and Convenience stores dominate the UK retail market. Supermarkets account for three-fourth of the sales while convenience stores and traditional retailers taking rest of the pie....
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Retail growth in the coming five years is expected to be stronger than GDP growth, driven by changing lifestyles and strong income growth....
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The Russian retail market has grown to $193.2 billion in 2004,a growth of more than 30.8% YOY and food retail sales were above $83 billion, up 22%....
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A shopping revolution is ushering in India where, a large population between 20-34 age groups in the urban regions is boosting demand by 11.1 percent in 2004-05 to an Rs 23,308 purchasing power....
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Research revealed that 2004-05 has proved to be a profitable year for the industry surging a stupendous growth of near about 17.1% registering a record sales of US $394.7billion....
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