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Global Retail Report 2011
yStats.com GmbH & Co. KG, March 2011, Pages: 129
Retail Industry Worldwide In A State Of Upheaval
In their latest currently published report “Global Retail Report 2011” the authors outline retail trends worldwide following the global economic crisis.
The report presents retail markets 38 countries worldwide listing important facts and figures along with the major players and their revenue. Furthermore, it analyzes market trends on all continents. Aside from established markets such as the USA, Great Britain, France and Germany also growth markets like India or Russia are featured.
US retail market on the path out of the crisis
In 2010, retail turnover in the USA amounted to 3.9 trillion USD (2.9 trillion EUR), whereas this figure was 3.7 trillion (2.7 trillion EUR) in the previous year. This equals an increase of 5 %. Consumer spending is seen to gather momentum again after the end of the crisis and the retail sector is expanding its product range.
Diverging trends in Europe
In 2010, the German retail sector experienced a recovery from the crisis, generating a total turnover of more than 400 billion EUR and traditional department stores saw a comeback. In France retail revenue totalled almost 400 billion EUR in 2009, remaining stable despite declining purchasing power. However, yStats.com shows in its “Global Retail Report 2011” report that in France an increasing number of retail segments will in future be affected by the unfavourable economic climate.
Retail revenue in Great Britain reached more than 280 billion GBP (315 billion EUR) in 2009. In light of the expected decline in consumer spending in 2011, the retail sector tries to counteract this trend with more quality and improved service. The retail sector in Eastern Europe has suffered considerably from the current crisis with retail turnover in Russia declining to 330 billion EUR in 2009 due to reduced buying power. Nonetheless, growth rates are expected to continue the previous upward trend in the future. The “Global Retail Report 2011” report of the Hamburg-based market research firm demonstrates that revenue in CEE is already rapidly growing, amongst others due to population growth and the expansion of retail infrastructure.
Asian markets are undergoing change
In China retail revenue continued to increase in 2010, totalling 15.4 trillion RMB (1.7 trillion EUR). A growing number of hypermarkets have been seen to crop up across the entire country, a trend that is expected to take hold in all of Asia over the next few years. In India revenue generated from organized retail is continuously increasing and reached as much as 290 billion USD (219 billion EUR) in 2010. According to experts the Indian retail sector will be fully liberalized in the future.
Contents
Facts & Figures and Trends about retail markets in 38 countries worldwide
About these Reports:
- These market reports inform top managers about recent market trends and assist with strategic company decisions
- The authors provides secondary market research: By using various sources of information we ensure maximum objectivity for all obtained data. As a result companies get a precise and unbiased impression of the market situation.
- The analyses, statistical reports and forecasts are only based on reliable sources including national and international statistical offices, industry and trade associations, business reports, business and company databases, journals, company registries and news portals.
- The authors international employees research and filter all sources and translate relevant information into English. This ensures that the content of the original studies is correctly interpreted.
- The authors deliver all research results as PowerPoint files. All data can therefore be used directly for board presentations or be individually adapted.
Key Findings:
- In 2009, the United States were the leading country worldwide in terms of retail sales, followed by China. In terms of retail sales per capita, Norway was the leading country worldwide, followed by Australia and the United States.
- In Germany, retail sales increased slightly in 2010 and reached just over EUR 400 billion. Metro AG is the leading German retailer with total sales of EUR 65 billion in 2009. German department stores had a comeback in 2010 and are forecasted to stay relevant for downtown retailing.
- Retail sales in the UK accounted for more than EUR 320 billion in 2009, and for the next years, non-store retailing is expected to drive future growth of the sector. Furthermore, it is predicted that online retail in the UK will continue to increase by more than +50% until 2014.
- China‘s retail sales continued to grow in 2010 and reached approximately EUR 1.7 trillion. Moreover, the Chinese sporting goods market is expected to reach a value of almost EUR 30 billion until 2013.
- In Brazil, retail sales reached almost EUR 350 billion in 2009. However, high levels of inflation could put pressure on the sector in 2011.
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