Understanding demand and supply in the retail sectorDownload The Retail Sector Report
Global retail sales, including online sales, are expected to continue to grow in 2018, reaching just over USD 28 trillion compared to around USD 26.8 trillion in 2017.
To cope with these challenges, traditional players are being forced to rethink their strategies, including greater segmentation of supply and a move towards concept stores to maximise the customer experience over. Another underlying trend is the convergence (partly through buy-back operations) of online retailers and traditional sales groups.
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Strengths and Weaknesses
Our analysts understand the markets you work in and have identified key strengths and weaknesses across the retail sector. We have already seen how the market has seen sustained growth since 2010, with urbanisation in Asia and Africa driving the sector.
Alternatively as there is now greater competition and online shopping is still increasing we are working across the industry to understand the challenges and opportunities.
Similar to last quarter, the uncertainties surrounding the forecasts presented in this barometer are very high. They are primarily linked to the global health situation: since June, the pandemic has continued to gain momentum.
01 October, 2020
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