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From China to India, how the world’s retail markets stack up: report

Inside Retail

China is the world’s largest retail market, accounting for almost 50 per cent of global retail transactions. trillion in 2022 and grew at a CAGR of 8 per cent from 2017 to 2022. Estimates suggest China’s social commerce market enjoyed a 40.25 Estimates suggest China’s social commerce market enjoyed a 40.25

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GoTo and Alibaba lead the charge in Asia-Pacific’s booming retail market

Inside Retail

With offline markets rebounding in nations like India, Indonesia, and South Korea, and a burgeoning social e-commerce scene set to surpass $300 billion by 2026, the retail industry in Asia Pacific is anything but stagnant. He went on to say that adoption and implementation would vary across retailers, markets and product categories.

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Global luxury brands find safer passage into India’s premium retail market

Inside Retail

This strategy is perceived as a safer bet for international brands, as domestic players possess an intimate understanding of the market, while global entities bring substantial financial resources and brand prestige to the table. times by 2030, reaching a staggering US$300 billion.

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Tips from a travel retail expert on tapping into passenger demand

Inside Retail

However, with international borders open again, and everyone seemingly heading to Europe in recent months, the travel retail market is booming. According to Research and Markets, the global travel retail market grew from US$68.91 billion in 2022 to US$79.05 The market is expected to grow to US$126.48

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How Retail Businesses Can Excel With Customer Services

Retail Focus

Surviving and thriving in today’s competitive retail market requires more than offering quality products at best prices. Exceptional customer service goes beyond driving sales. The annual retail sales in the UK totaled 496 billion pounds in 2022, growing significantly over the last decade.

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Not if but when: why online marketplaces are key to A/NZ retailers’ future

Inside Retail

Indeed, even Sydney Fish Market now has its own online commerce site. Yet for retail marketers, handing over these keys to the kingdom is no easy feat. During the pandemic’s first 14 months, Australia’s e-commerce market grew from around 9 per cent of the overall retail market share to 13 per cent.

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Mmm, it’s the sweet smell of advertising success

Inside Retail

Secondly, it speaks to a certain level of digital preparedness from the retail industry when the pandemic struck – or at least the ability to change tactics quickly. . Some of the lift in retail sales we can also put down to a siege mentality in the face of uncertainty – remember when you couldn’t buy toilet paper for love nor money?