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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. China’s e-commerce market, worth $1.9 According to Pathak, an omni-channel play is a must-have for any retailer in Southeast Asia.

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Why Sephora’s French prestige failed to translate in South Korea

Inside Retail

So, it came as a surprise to some when the LVMH-owned retailer announced on its Korean social media accounts that it would be gradually terminating all its operations in South Korea, including its app, online store, and physical stores, beginning May 6. billion in 2022, making the country one of the top 10 beauty markets in the world.

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Welcome to the new customer experience

Inside Retail

In today’s new normal, the shopping experience is no longer defined by the boundaries of bricks-and-mortar, but by the customer journey as a whole. Consumers now expect retailers to engage them whenever and wherever they want, with a shopping experience tailored to their individual needs.

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Why so many global brands fail in Australia

Inside Retail

They arrived with great fanfare but many international retail brands have found the Australian retail market has been a graveyard. The German hypermart chain Kaufland, and potentially the Lidl supermarket chain, were sizing up the Australian market in 2017 but decided not to proceed.

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Shopping centre developments back on the rise

Barber Design

Great news for retailers this week – as Retail Week reports that new shopping centre developments in the UK are going to hit a four-year high in 2017. Along with the six new large-scale developments described in the report, eight existing shopping centres will be getting refurbished or extended.

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Pierre Yovanovitch opens design gallery in New York City penthouse

Dezeen

Pierre Yovanovitch chose a penthouse in a pre-war building for his New York gallery This business expansion offers a permanent base for Yovanovitch and his team in New York, and allows customers and clients from his largest retail market to see the Pierre Yovanovitch Mobilier products first-hand.

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Mmm, it’s the sweet smell of advertising success

Inside Retail

Am I the only one who’s suddenly doing a lot more shopping at 8pm? Where it gets interesting is when we look at ratcheting up retail spend on, say, a particular media channel, and then assessing the effects. Our overall findings from the MMM suggest that a broad channel mix is still very important for retail marketers.