Shopping for Pleasure: The Development of Shopping as a Leisure Pursuit
Euromonitor International's Shopping for Pleasure: The Development of Shopping as a Leisure Pursuit Strategy Briefings is a series of reports that alert you to global trends predicted to influence consumer markets. They offer insight to changing market conditions and the opportunities and challenges companies need to consider to maintain a competitive advantage
Chapters: 8 | Tables: 22 | Publication date: May 2008
Why buy this report
- Get insight into trends in market performance
- Pinpoint growth sectors and identify factors driving change
- Identify market and brand leaders and understand the competitive environment
Regional coverage
Western Europe; Eastern Europe; North America; Latin America; Asia-Pacific; Oceania; Africa and the Middle East
Table of contents
EXECUTIVE SUMMARY
DEMAND FACTORS
Summary 1 Factors Affecting The Development of Shopping as a Leisure Activity 2008
SHOPPING TOURISM DEVELOPMENTS
Chart 1 Incoming and Domestic Tourism Expenditure on Shopping: Top 10 Markets 2007
RETAILING DEVELOPMENTS
Shopping channel trends
Sales trends
Chart 2 Global Leisure Retail Sales by Channel 2007
OUTLOOK
Chart 3 Global Leisure Retail Sales: Forecast Growth 2007/2012
INTRODUCTION
OVERVIEW
DEFINITIONS
DRIVERS AND CONSTRAINTS
SPENDING POWER
Discretionary income plays important part in shopping behaviour
Lower prices cause buying frenzy
Consumers difficult to pigeonhole
GLOBAL ECONOMIC GROWTH
Overview
Chart 4 Global GDP Trends 2002-2007
The credit crunch explained
Euro economy remains flat
Emerging markets keep the world afloat
DISPOSABLE INCOME
Japanese suffer from prolonged downturn
Emerging markets enjoy triple-digit income growth...
...but poverty remains widespread
Table 1 Average Annual Disposable Incomes by Country 2002/2007
SPENDING VERSUS SAVING
Propensity to save
Chart 5 Savings Ratio (% Income) in Major Markets 2007
The rise of consumer borrowing
Table 2 Per Capita Value of Credit Card Transactions in Selected Countries 2002/2007
The emergence of credit in developing markets
TIME CONSTRAINTS: THE SPEEDING-UP OF LIFESTYLES
More cash, less time
Shopping centres accommodate office workers
Harrods offers one-stop solution
TREND TOWARDS COCOONING
The fear factor
Home entertainment
Mobile cocooning
Working from home
SHOP OPENING HOURS
24-hour outlets popular in the US
Changes ahead for France?
States now have say in Germany
Small stores oppose changes to Sunday Trading Act in the UK
Laws relaxed in Japan
INTERNET USAGE
General trends
Chart 6 Growth in On-line Population in Top 15 On-line Countries January 2006 – January 2007
Chart 7 Top 15 Countries by Internet Users 2007
Impact on shopping habits
Downloaders
SHOPPING AND TOURISM
EXCHANGE RATES
America on sale
Canadian shoppers defect to the US
Table 3 Exchange Rates of Major Currencies Against US Dollar 2002-2007
TOURISM EXPENDITURE ON SHOPPING
The lure of New York
Chinese shoppers unleashed
US consumers seek bargains in Mexico
Tokyo attracts Asia’s rich
London becomes too expensive
Long-haul shopping trips become popular
Table 4 Incoming and Domestic Tourism Expenditure on Shopping (Top 20 Markets) 2002/2007
Table 5 Outbound Tourist Expenditure on Shopping (Top 20 Markets) 2002/2007
FESTIVALS
Summary 2 Annual Shopping Festivals in Developing Countries
AIRPORT SHOPPING
A captive audience
Airports become more competitive
Travel value replaces duty-free within EU
Two types of duty-free operators
THE SHOPPING CONSUMER
ATTITUDES TOWARDS SHOPPING
Almost three quarters of world’s consumers shop for fun
Recreational shopping most common in Asia
Indians perceive shopping malls as sanctuaries
Shopping attitudes more sophisticated in the US
Status more important to Asian consumers
Chart 8 Top Ten Markets for Recreational Shopping 2005
Mall shopping in Europe
ATTITUDES BY GENDER
Overview
Women and shopping
Men and shopping
SHOPPING BY LIFESTYLE GROUP
Baby boomers
Teens and tweens
Upmarket shoppers
Aspirational emerging market consumers
On-liners
RETAILING TRENDS
RETAIL OVERVIEW
Table 6 Total Retail Sales 2002/2007
RETAIL SALES BY CHANNEL
Ikea provides family day out
Segmentation fuels clothing sector
One-stop shopping
Internet retailing takes off
Homeshopping/direct selling benefit from cocooning trend
Table 7 Global Retail Sales and Growth by Channel 2002/2007
SHOPPING CENTRE/MALL TRENDS
Overview
Summary 3 World’s Largest Shopping Malls 2007
Development of services
Mall promotions
Opportunities in emerging markets
OUTLET CENTRES
Big brands at low prices
US leads the way
Outlet villages lure tourists
SPECIALIST RETAILERS
Additional services
Summary 4 Specialist Retailers: Development of Services
Experience shopping
MARKET SNAPSHOTS
CHINA
Shopping habits
Shopping channel trends
Retail sales trends
Table 8 China: Retail Sales and Growth by Channel 2002/2007
FRANCE
Shopping habits
Shopping channel trends
Retail sales trends
Table 9 France: Retail Sales and Growth by Channel 2002/2007
GERMANY
Shopping habits
Shopping channel trends
Retail sales trends
Table 10 Germany: Retail Sales and Growth by Channel 2002/2007
ITALY
Shopping habits
Shopping channel trends
Retail sales trends
Table 11 Italy: Retail Sales and Growth by Channel 2002/2007
JAPAN
Shopping habits
Shopping channel trends
Retail sales trends
Table 12 Japan: Retail Sales and Growth by Channel 2002/2007
UK
Shopping habits
Table 13 UK: Shopping as a % Leisure Visits 2005/2006
Shopping channel trends
Retail sales trends
Table 14 UK: Retail Sales and Growth by Channel 2002/2007
US
Shopping habits
Table 15 US: Where People Shop 2006
Shopping channel trends
Table 16 US: Outlet Centre Development 1995-2005
Retail sales trends
Table 17 US: Retail Sales and Growth by Channel 2002/2007
FUTURE OUTLOOK
TRENDS TO WATCH
Effects of the credit crunch
The need to prioritise
Asian middle classes will fuel global spending growth
Expansion of shopping centres
European malls in the pipeline
One-stop shopping
Cocooning
Technological progress
Retailers to develop greater on-line presence
Pure Internet retailers will diversify
E-commerce 2.0 to create new opportunities
Tackling on-line fraud
On-line retailing to take off in emerging markets
Favourable legislation
FORECASTS
Table 18 Global Retail Sales and Growth by Channel 2007/2012