Surge In The Global Retail Market 2018 Outlook- Ken Research

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.

To know more, click on the link below:

Global Retail 2018: Issues And Trends

Related reports:

Global Retail Innovations: Summary of Innovations in 2017

Global Retail Sales Of Online Retailers: Market Size, Growth And Forecast To 2020

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