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Retail Global Market Report 2018

Retail Global Market Report 2018

  • February 2018
  • 250 pages
  • ID: 5308764

Summary

Table of Contents

Retailers provide the service of making goods available to consumers in convenient quantities and locations. Retailing involves buying from wholesalers or direct from manufacturers, breaking bulk, displaying goods for sale either physically or online, and sometimes delivery.

Wholesalers are independent organizations in the distribution channel that buy in bulk and sell to resellers rather than to consumers. Both retailers and wholesalers take ownership of the goods and so bear the risk of carrying inventory. They also reduce the total number of transactions required for the process of transferring goods from manufacturers to consumers.

Retailers market in this report is segmented into specialty retailers, department stores & other general merchandise stores and ecommerce & other non-store retailers.

Asia Pacific was the largest region in the retail market in 2017, accounting for 31% market share. The region’s large consumer population, positive government policies, and high demand for good quality products resulted the large retail market in Asia Pacific.

North America was the second largest region accounting for 25% market share. Eastern Europe was the smallest region accounting for 4% market share.

Innovations in automation technology are on the rise and retail stores are increasingly using in-store automation to streamline retail shopping. Automation in retail stores is aimed at automating store operations such as container movement, merchandise scanning, inventory checking, retrieving, packaging, and delivering products, and connecting with customers.

Automation reduces waiting times, avoids stocking problems, enhances productivity, and increases overall customer experience. For instance, American retailer Lowe’s has installed multi-lingual, autonomous customer assistance robots in 11 locations in San Francisco Bay area. Retailers are also focusing on using self-checkout stands for customers. Walmart has patented a system of self-driving shopping carts.

Please note: this report requires certain updates. We have all the information available but require 3 working days business days to complete the process and ensure it is as up-to-date as possible.


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