Trending this month

Showing posts with label retail. Show all posts
Showing posts with label retail. Show all posts

October 15, 2014

How Chinese Online Retail is driving more consumption,without affecting offline retail Sales

Research on Online  Retail Spending in China by McKinsey :how this is aiding future consumption..

share of online retail spending in China :Backward areas vs Upmarket areas

China's e-tail revolution | McKinsey & Company: China  have become the world's largest online retail market in 2013, and has marched ahead of the US. Chinese  Online shopper numbers reached 302 million, and the online retail transaction volume in 2013 exceeded 1.85 trillion yuan, equivalent to 7.8% of total retail sales

Astoundingly around  90% of Chinese electronic retailing occurs on virtual marketplace and online market and e-commerce platforms where manufacturers, large and small retailers, and individuals offer products and services to consumers through online storefronts  similar to  eBay or Amazon, Ther are the the Local Chinese Giants   include PaiPai, Taobao, and Tmall, which in turn are owned by bigger e-commerce groups. A large and growing network of third-party service providers offers sellers marketing and site-design services, payment fulfillment, delivery and logistics, customer service, and IT support."

One of the most interesting insights on the Chinese Online Retail Revolution is that " online retail is not substituting  or affecting offline sales , however they are spurring more consumption that is spurring more consumption across both the lower and middle classs

As China moves towards online retail based consumption ,it has enabled China’s shift from an investment-oriented society to one that’s more consumption driven A recent McKinsey research conducted by analyzing consumption patterns in 266 Chinese cities accounting for over 70 percent of online retail sales, found that a dollar of online consumption replaces roughly 60 cents of sales in offline stores and generates around 40 cents of incremental consumption (Exhibit 1).

The research suggests E-tailing in China as the research indicates, is not simply a replacement channel for purchases that otherwise would have taken place offline. Instead, it appears to be spurring incremental consumption, particularly in less developed regions

October 8, 2014

US apparel market for men show 5% increase to reach $60b USD

US apparel market  for men show 5% increase to reach $60b USD

According to The NPD Group, Inc., a global information company, total men’s apparel U.S. retail sales reached $60.8 billion in 2013, a 5 percent increase over the $57.8 billion generated in 2012, thanks in large part to double-digit gains in sales of men’s outerwear, pants, and socks. In contrast, the U.S. women’s apparel market grew 4 percent with total sales of $116.4 billion dollars.  

Of the 13 categories tracked by NPD in men's apparel, 12 experienced dollar sales increases in 2013, including pants, with sales increasing 12 percent to $4.8 billion, and socks, which grew by 14 percent to $2.8 billion. The only category to experience dollar sales declines was men's tops, which saw sales drop 2 percent..

Online shopping represented  14%of men’s apparel sales, saw some of the highest growth for the year, increasing 19 percent over 2012. Interestingly the  average price of an in-store purchase grew 3 percent for men’s apparel, while online declined 7 percent.

September 25, 2014

Number of Staples Retail Stores by Country

This statistic depicts the number of Staples retail locations in 2013, by country. In that year,Canada had 331 stores, Staples had 59 locations open in Germany. Staples is an American office supplies retailer with locations all around the world. With over 2,000 stores worldwide in 26 countries.  Staples is based in Framingham, Massachusetts United State

While most of the nations where Stapes in based is run under its own brand name, it has been  operating subsidiaries in Argentina as Officenet-Staples, Netherlands as Staples Office Centre, Canada as Staples Canada (Bureau en Gros in Quebec), and in Italy as Mondoffice. Staples also does business exclusively with enterprises in the United States and multiple European countries as Staples Advantage

 The company opened its first store in Brighton, Massachusetts on May 1, 198

US Companies with the largest solar Power Installations

Statistic: Leading solar power consuming companies in the United States as of August 2013, by installed capacity (in megawatts) | Statista

According to the  list shows the US companies that consumes the highest solar power. Walmart  Costco and Kohl's are among the top 3 who  has the largest solar installation capacity. .consumes the most solar power and latest Transparency Market Research published new Apple's installed solar power capacity reached just under 41 megawatts. 

July 4, 2014

International Markets with Highest eCommerce Conversions

charting the ecommerce sales growth by nations

  1. Asia-Pacific is set  to  becomes the largest regional market in the world. Asian consumers will spent more on eCommerce purchases than North American for the first time this year.
  2. Business to consumer eCommerce sales will reach $525.2 billion this year, whereas in North America $482.6 billion.
  3. The U.S. and Canada accounted for 34.4% of all online sales in 2013; down from 35.9% in 2012.This share will decrease further in 2014, accounting for 32% of all commerce market.
  4. China's eCommerce sales are set to grow by 2 times  as compared  to  Indian eCommerce growth ,  and more than five times as much as the U.S.
  5. While eCommerce sales are set to grow by almost 64% in China, compared to 31% in India and 12% in US.he Asian growth Drivers will be led by  Asian emerging economies led by China and India with more than a 2.billion population
  6. However Indian growth story will be the biggest in the next 2  years  and set to become the no 1 internet economy powerhouse by 2015 .Boston Consulting Group predicts that  Indian online penetration will be  recording 300%  growth in  internet users  from 81 million currently ( as March 2013) to million (March 2015)  

July 3, 2014

Top 5 Grocery Stores in Great Britain with the Highest Consumer Spends

: Total expenditure in grocery stores in Great Britain for the 12 weeks ending 27 April 2014* (in 1,000 GBP) | Statista
 Charts from Statista

TESCO, ASDA and SAINSBURY  were among the top 3   Grocery Stores where UK consumers spends most of their time and money  
Morrisons, The Cooperative and  Waltrose ranked   forth, fifth and sixth respectively. Grocery Chains   Aldi Iceland, and Farmfoods  made the bottom 3 

May 26, 2014

Amazon's Online Sales is higher than their Combined nearest 9 Competitors

Infographic: Amazon's Online Sales Dwarf the Competition | Statista

"According to data from e-commerce research firm Internet Retailer, Amazon remains miles ahead of the U.S. competition in the online retail space.

 In 2013, Amazon's online retail sales amounted to $67.9 billion, more than the next 9 largest e-retailers combined.

Surprisingly, the second largest player in the e-commerce game is not a large retailer such as Wal-Mart or Staples, but Apple.

The iPhone-maker reportedly sold goods and services worth $18.3 billion through its website, the App Store and the iTunes Store in the past year.

Amazon's increasingly dominant position in the e-commerce market is owed largely to the company's aggressive growth strategy. Under CEO Jeff Bezos, Amazon has become known to reinvest most of its earnings, which is why the company has yet to turn a meaningful profit.

November 26, 2013

Tesco in Trouble as it sales declines in the last 2 Quarters

Tesco is the the third largest retailer in the world, behind Walmart and Carrefour. In the UK, it has an estimated 30% share of the physical grocery market, and a 50% share online.

The third biggest Retail Chain in the world ”TESCO “  in Trouble .Tesco is likely to report another drop in UK  in its Q3, as compared to the same time last year sparking further questions about the progress of its turnaround strategy. which was launched This comes  after Tesco sales in UK  fell by 0.5pc in the 26 weeks to August 24, compared with same period last year.

Tesco was forced to issues its first profits warning in a generation last year on the back of falling sales in the UK,   post which a a £1bn turnaround plan was announced  to reverse the decline of TESCO

Analysts at Deutsche Bank and Barclays estimates that that Tesco's like-for-like sales fell by at least 1.5pc in the third quarter of its financial year.( Q3,2013)

The decline in  TESCO sales  comes in the backdrop of its rival and competitor J Sainsbury, as it grew  e 1.4pc growth.

According to Kantar, the UK's leading supermarkets are also under growing pressure from the discounters Aldi and Lidl, and Waitrose, the upmarket supermarket.
For the first time on record, the "big four" supermarkets - Tesco, Asda, Sainsbury's and Morrisons - are all losing market share in the UK

Tesco is the the third largest retailer in the world, behind Walmart and Carrefour. In the UK, it has an estimated 30% share of the physical grocery market, and a 50% share online.

November 13, 2013

Electronics and Apparel among most popular Retail Categories purchased online

Most popular online retail categories worldwide 2013

The Top 10 Retail Categories which contribute  highest online sales in 2013 

According to Forester Research online retail sales will grow 10% compounded rate  as Digital and Mobile media set to form 10%  of the total Retail sales by 2017

Online retail spending  in US grew by 13% year-over-year in Q3 to reach $47.5 billion, estimates comScore in its latest quarterly e-commerce figures.

tags:online advertising,digital spends, Mobile shopping, Mobile Commerce, web sales,social commerce

July 7, 2013

Walmart Latest Inkiru, Acquisition drive 30% ecommerce growth

The recent news of Walmart, acquisition of Inkiru, which is a small startup focused on real-time predictive analysis clearly hints Walmarts latest effort latest effort to spur e-commerce.

 Walmart’s  latest tech-centric acquisitions  is all set to build marketshare across the online space and compete againts the Amazons and Target's of the world as the company looks to build upon its online sales. Walmart has already seen a more than 30% increase in ecommerce in the first quater, according to

"The similarities between Inkiru and @WalmartLabs are uncanny, with both having an innovative spirit and the ability to leverage big data to improve the customer experience," the company wrote in a blog post. 

Walmart CEO Mike Duke said the company expects online sales to hit $10 billion this year—an estimate that takes into account the recent purchase of Chinese online retailer Yihaodian.

Last year Walmart U.S. reported sales of $328.7 billion, Kroger posted sales of $92 billion and Target had $71.96 billion in top line revenue. The much talked about competitor Amazon, ranked No. 11 with $34.416 million in U.S. sales, but continues to be one to watch in the coming years.

February 9, 2013

Social Media Driving Valentine Day 2013 :

Social Media - Social Likes turn to love - Internet Retailer: This Valentine’s Day, a stupid gift idea from a Valentine’s Day past could reap a big reward—like a free trip for two to the Caribbean.

The National Retail Federation estimated that consumers spent $17 billion on gifts and cards this Valentine’s Day, a small leap over the past five recession-dominated years.

That’s the Facebook pitch from floral retailer FTD. “We’re collecting the worst Valentine’s Day gift faux pas,” it says on its Facebook page, which as of today had garnered 214,800 Likes, with 8,946 people talking about it. “Share yours and win a chance to take a Sandals Resorts Luxury Included Caribbean Vacation.” To insert a little humor, the retailer punctuated the promotion with an image of a gift-wrapped box and the personal note, “We’re done.”

Not to be outdone in the vacation offers, Kay Jewelers ran its own Facebook sweepstakes to a more distant place known as a destination for lovers. “Like Kay Jewelers and then enter the Open Hearts Valentine’s Day Event Sweepstakes,” the jeweler called out on its Facebook page, which as of today had collected 534,084 Likes, with 50,160 members talking about it. “Win a trip to Paris.”

Jewelry retailer promoted product-focused offers in social media and in repeated e-mails this week.

January 16, 2013

January 6, 2013

The state of US Retail Sales::

 The 2012 holiday season may have been the worst for US retailers since the 2008 financial crisis, with sales growth far below expectations, forcing many to offer massive post-Christmas discounts in hopes of shedding excess inventory.
While chains like Wal-Mart Stores Inc and Gap Inc are thought to have done well, analysts expect much less from the likes of book seller Barnes & Noble Inc and department store chain J. C. Penney Co Inc
The latest sign of trouble came from MasterCard Advisors Spending Pulse, which reported holiday-related sales rose 0.7 percent from October 28 through December 24, compared with a 2 percent increase last year.
The preliminary estimate from SpendingPulse was in line with other estimates showing weak growth during the holiday season, when retailers can book about 30 percent of annual sales - and in many cases, half of their profit.

November 25, 2012

US Holiday Online Retail Spending to exceed $43Billion

U.S. consumers are buying online more than ever this  year 2012, and the shopping season will not be different from what US Consumers have been spending so far,,increasing their virtual shopping by half since before the last recession to nearly $42 billion in the third quarter of this year -- the fourth straight year-over-year increase in the third quarter, according to data forecast by Comscore

2011 Holiday Season To Date vs. Seasonally Equivalent Days in 2010
Non-Travel (Retail) Spending
Excludes Auctions and Large Corporate Purchases
Total U.S. – Home & Work Locations
Source: comScore, Inc.
Millions ($)
20102011Percent Change
November 1 – December 31$32,359*$37,17015%
Thanksgiving Day (Nov. 24)$407$47918%
Black Friday (Nov. 25)$648$81626%
Thanksgiving Weekend (Nov. 26-27)$886$1,03116%
Cyber Monday (Nov. 28)$1,028$1,25122%
Green Monday (Dec. 12)$954$1,13319%
Free Shipping Day (Dec. 16)$942$1,07214%
 Till November 22nd , $10.1 billion has been spent online, marking a 16-percent increase versus the corresponding days last year. Thursday, November 8 has been the heaviest online spending day of the season to date at $829 million

2012 Holiday Season To Date vs. Corresponding Days* in 2011
Non-Travel (Retail) Spending
Excludes Auctions and Large Corporate Purchases
Total U.S. – Home & Work Locations
Source: comScore, Inc.

HolidaySeason to Date
Millions ($)
20112012Percent Change
November 1 – 18$8,769$10,13516%

If the latest Comscore data is any indication, US holiday season retail e-commerce spending for the first 18 days of the November – December 2012 holiday season, , $10.1 billion has been spent online, marking a 16-percent increase versus the corresponding days last year. Thursday, November 8 has been the heaviest online spending day of the season to date at $829 million

Meanwhile Comscore  Forecasts that  US Holiday Spending  from Digital mediums ( Mobile, Internet, PC's Tablet,Smartphones  will grow to 17% to reach a record of 43.4Billion Ecommerce Spending

October 12, 2012

October 6, 2012

Australian Online Retail Sales Index – July 2012

The latest Index on Australian state of retail reveals that traditional sales formed $220 billion in the last financial year (ending June 2012), with online sales reaching $11.7 billion, with both sectors showing strong growth rates in the final month

According to the latest iteration of NAB’s Online Retail Sales Index, there are positive signs that Australian retailers are no longer seeing online as an alternative sales and marketing channel, but rather as a distribution and supply chain optimization strategy.

The Index is taken from NAB transactional data, roughly 2 million non-cash transactions per day, which are then scaled up to replicate the entire economy.

August 30, 2012

US Retail Commerce Rebounds in 2012, with 16% Growth

Online retail sales  shows signs of rebounding in 2012  with growth of 16.6% in the first quarter, to nearly $44.3 billion compared with $38.0 billion for the same period on 2011 while Q2,2012 Q2 2012 U.S. retail e-commerce sales estimates, showing that online retail spending reached $43.2 billion for the quarter, up 15 percent versus year ago, ( source :comScore Inc.
The Q1 and Q2, spending marks the tenth consecutive quarter of positive year-over-year growth and sixth consecutive quarter of double-digit growth

Enhanced by Zemanta

May 31, 2012

Tablets Set to Drive 50% Mobile Commerce

Mobile Commerce  is on the way to get a huge traction  driven via the rapid adoption of Tablets  both across enterprise and retail segment  as  Tablet  Zoom ahead set to become mainstream media by 2014: Get ready to embrace the " Tablet as its likely to replace print,video and  PC

This is  according to  Adobe Research  which measured23 billion visits made to more than 325 web and mobile web brand web sites from January to March of 2010, 2011 and 2012. The sample included brands in the financial services, media, retail and travel industries with sites in North America, Western Europe and Asia-Pacific.

In Q1 2010, before the debut of Apple Inc.’s iPad tablet computer, there was essentially no tablet traffic on the web, a new study finds. In Q1 2011 tablet traffic accounted for 0.6% of total web traffic and in Q1 2012 4.3%, says the “Adobe Digital Index Report: How Tablets are gCatalyzing Brand Web Site Engagement.” Adobe predicts in Q1 2013 tablet traffic will hit 7.2% and in Q1 2014 10.4%.

By comparison, in Q1 2010 smartphones accounted for 0.9% of web traffic, in Q1 2011 2.2% and in Q1 2012 6.1%, Adobe says. The company predicts smartphone traffic ail sewill reach 7.1% in Q1 2013 and 9.2% in Q1 2014. Tablet traffic will surpass smartphone traffic early next year, the report says."

'via Blog this'