It is highly competitive and diversified, and the market shares of the leading Chinese retail chains were receding over the past few years. App downloads in India are expected to increase to 37.2 billion in 2022. It is the second consecutive decline in retail sales as US consumers pulled back holiday shopping amid a surge in coronavirus cases and a drop in income as unemployment benefits are set to expire. Consulting services for Retail, Wholesale & Distribution. Yes, store closures have indeed outpaced store openings across the US market in recent years. A project report on retail industry in india 1. The growth of the tourism sector in Asia-Pacific countries including Thailand and Indonesia is expected to increase the demand for imported products, especially in the horeca (hotel/restaurant/café) sector. Understand the impact of the crisis on your market. DTTL and each of its member firms are legally separate and independent entities. Explore our full collection of 2021 industry outlooks, Take a look back at our 2020 retail industry outlook, Rod is vice chairman, Deloitte LLP, and leads the US Retail & Distribution practice. Fullwidth SCC. Retail By The Numbers. The majority of Tenant sales data is collected via automated emails, and the Retail Report team call the remaining stores on Monday morning and efficiently gather the remaining sales data, which saves the on-site team here so much time, allowing us to focus on other areas. We analyzed the data of more than 13,000 stores across multiple industries and regions in the year ending 31 March 2019 and compiled the data in this nifty guide. Consumer & Retail: Election impacts and insights. Many retailers operate an omnichannel model, which aims to integrate offline and online channels. A striking indicator is the above-average growth rate of the retail industry. This latest quarterly result did not meet market expectations. Revive to survive: Retail state of the industry report. This report analyses the market for hot drinks in Cambodia. For the whole year of 2020, Malaysia retail industry is expected to suffer a decline in sale by 5.5% as compared to last year. The report examines the key sub-segments of the retail market by analyzing the fundamental growth drivers and significant challenges and developments. The report provides qualitative and quantitative insights on the global market and detailed analysis of global market size & growth rate for all possible segments in the market. Back in January 2020, we talked about how Retail was changing at an unprecedented speed. A project report on retail industry in india 1. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Report scope can be customized per your requirements. The Retail Recon market research report carefully examines this industry vertical through expert opinions on past and present business scenario. KEY FINDINGS. Retail is one of the largest industry exceeding US $ 9 trillion. As rural and urban households witnessed a steady growth of disposable incomes, the spending power of the Chinese population has also increased dramatically and the retail market has matured into one of the largest and still growing consumer markets worldwide. Additionally, supporting growth in the tourism sector and widespread country-level government-led investments in transport infrastructure are driving the region's growth. Please enable JavaScript to view the site. "A growing trend observed in the penetration of the retail analytics market across the industries." 2. Brexit uncertainty had caused spending growth to slow in 2019 and the industry faced large-scale business restructuring with 85,000 jobs lost, a third of FTSE 350 CEOs changing and 9,169 store closures. 2019 Retail Trends Report Microsoft Dynamics 365. Currently, the region's tourism sector is benefitting from an expanding luxury hotel sector and greater international air connectivity. Members of MRA projected the second quarter growth rate in June 2018 at 6.0%. A retail transformation is in full swing, and a host of powerful forces are shaking up the industry. According to a June 2017 report with IoT investment data, IDC stated that in-store contextual marketing will be one of the fastest growing cross-industry IoT use cases between 2017 and 2021 with a 20.2 percent CAGR. By services, the global market is bifurcated into professional servi… Retail industry reached to US$ 950 billion in 2018 at CAGR of 13 per cent and expected to reach US$ 1.1 trillion by 2020. Consumer & Retail: Election impacts and insights. He is responsible for driving key sector initiatives that include original research, talent development, and strate... More, Lupine Skelly is a manager at Deloitte Services LP’s Consumer Industry Center and leads research for the Retail, Wholesale & Distribution sector. Economic Structure and Performance of the Australian Retail Industry (PDF - 2551 Kb) The global Retail Sourcing and Procurement market size was estimated at USD 2,748.7 million in 2016. Retail sales in the US sank 1.1% mom in November of 2020, following a revised 0.1% fall in October and worse than forecasts of a 0.3% drop. For our report series, we partnered with Retail Economics, to provide new data-backed insights analysis into the extraordinary crisis sweeping through the retail industry, based on economic modelling, financial analysis and consumer panel. Decode the Future of the Retail Industry We have decades of experience in being the trusted, gold standard intelligence provider to leading Retail brands, manufacturers, property companies, and financial institutions, helping them to make faster, more informed decisions. There are over 1 million retail establishments across the United States, and retail sales have grown almost 4 percent annually since 2010. The retail industry is easy to define at the highest level - it is the selling of consumer goods or services to the end buyer. The Shape of Retail: COVID-19 and the future of retail … 76.87 lakh crore (US$ 1.1 trillion) by 2020. Retail Industry 2021. Retail is growing. While mobile visit share has almost caught up to desktop, revenue is still driven primarily by desktop. 76.87 lakh crore (US$ 1.1 trillion) by 2020. transformational year for retail. GCC Retail Industry Report January 2015. 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