The World Market for Retailing
Euromonitor International's The World Market for Retailing report offers insight into key trends and developments affecting the industry. The report examines all retail channels to provide sector insight. Channels include department stores, food retailers, health and beauty retailers, clothing and footwear retailers, home furniture and household goods retailers, durable goods retailers, and leisure and personal goods retailers. There are profiles of leading retailers, with analysis of their performance and the challenges they face. There is also analysis of alternative selling channels (kiosks, homeshopping, internet retailing, service stations, vending and direct selling, as available).
Buy online to access strategic market analysis and an interactive statistical database of retail value sales, number of sites/outlets, retail surface area and employment in retailing.
Chapters: 5 | Tables: 41 | Publication date: May 2007
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
Companies profiled
7-Eleven Inc; AEON; Albertsons Inc; Aldi Group; Arcadia Group Limited; Auchan Group; Best Buy Co Inc; Boots Group PLC; Canadian Tire Corporation, Limited; Carrefour SA; Casino Group; Coles Myer Ltd; Costco Wholesale Corp; Daiei; Daimaru; Dairy Farm International Holdings Limited; Delhaize Group; Dixons Group plc; DSG International Plc; E.Leclerc; Edeka; El Corte Inglés; Family Mart; Galeries Lafayette; GUS PLC; Home Depot Inc; Ikea International A/S; Inditex; Isetan Co Ltd; ITM Enterprises SA; Ito Yokado; J Sainsbury Plc; JC Penney Company Inc; JC Penney Corporation Inc; John Lewis Partnership Plc; KarstadtQuelle; Kingfisher Plc; Koninklijke Vendex KBB NV; Kroger co; Kroger Company; Loblaw Companies Limited; Loblaw Companies Ltd; Marks & Spencer PLC; Metro Group; Mitsukoshi; Otto Group; Pinault-Printemps-Redoute; Rewe Zentral AG; Royal Ahold NV; Royal Vendex KBB NV; Schwarz Beteiligungs GmbH; Schwarz Group; Sears, Roebuck & Co; Sobeys Inc; SPAR International; Takashimaya; Target Corp; Tengelmann Group; Tesco Plc; The Gap Inc; Toys “R” Us Inc; UNY Co Ltd; Walgreen Co; Wal-Mart Stores Inc; Wm Morrison Supermarkets Plc; Woolworths Ltd
Table of contents
EXECUTIVE BRIEFING
Chart 1 Global Presentation Slide 1
Chart 2 Global Presentation Slide 2
Chart 3 Global Presentation Slide 3
Chart 4 Global Presentation Slide 4
Chart 5 Global Presentation Slide 5
Chart 6 Global Presentation Slide 6
Chart 7 Global Presentation Slide 7
Chart 8 Global Presentation Slide 8
Chart 9 Global Presentation Slide 9
Chart 10 Global Presentation Slide 10
Chart 11 Global Presentation Slide 11
Chart 12 Global Presentation Slide 12
Chart 13 Global Presentation Slide 13
Chart 14 Global Presentation Slide 14
THE KEY DRIVERS OF CHANGE IN GLOBAL RETAILING
URBANISATION GENERATES NEW DEMAND FOR RETAIL
Table 1 Declining Share of Independent Grocers in Emerging Markets 2000/2006
Outlook: The transformation of emerging markets
Chart 15 Fastest Urban Growth by Country 2005-2015
Impact: Spurring internationalisation
Summary 1 Selected Major International Retailer Presence in Fastest Urban Growth Countries 2007
MIGRATION – REFUELLING DEMAND IN DEVELOPED MARKETS?
Outlook: The potential to support ageing populations
Chart 16 US Population by Ethnicity 2000/2050: % Analysis
Impact: Diversifying the mainstream
THE NEED TO REFINE DEMOGRAPHIC TARGETING
Outlook: Contrast between emerging and developed markets
Chart 17 Absolute Growth in Population 2005/2015
Impact: Targeting specific consumer groups
THE EMERGENCE OF A GLOBAL CONSUMER?
Outlook: The development of a truly global market
Chart 18 Proportion of Households in China with an Annual Disposable Income Over US$5,000: 2005-2015
Impact: Opportunities at a global level
THE PROFOUND IMPACT OF FAST LIVING
Outlook: Expanding shopping opportunities
Table 2 Leading Global Markets for Internet Retailing and Homeshopping 2011
Impact: Diversification and innovation
Chart 19 Convenience Kiosk in Japan
DEEP-SEATED CHANGE IN PERCEPTIONS OF VALUE
Chart 20 Global Utilisation of Low-Cost Carriers 2000-2005
Outlook: The effect spreads
Impact: Low prices underpin grocers’ expansion
Chart 21 Aldi Presence in 1997 and 2007
ASPIRATION HITS THE MASS MARKET
Outlook: Increasing aspirational demand in emerging markets
Impact: Growing onus on brand definition
HEALTH AND WELLNESS – A DOMINANT TREND
Table 3 Leading Obese Countries 2005
Chart 22 Global Health and Wellness Food Market 2006: % Analysis
Outlook: An increasing influence on services and products
Impact: A broad ranging effect
SECURITY FEARS AND TECHNOLOGICAL ADVANCES DRIVE COCOONING TREND
Outlook: Technological advances to boost phenomenon
Chart 23 Drivers of Cocooning
Impact: Touching a broad range of categories
THE RISE OF ETHICAL CONSUMPTION
Table 4 Organic Agricultural Area as a Proportion of Total Agricultural Area: % Analysis
Outlook: Here to stay
Impact: Opportunities for niche brands
A CHANGING APPROACH TO INTERNATIONALIZATION
Summary 2 Major Market Exits by Country 2005-2007
Outlook: Intense competition in target markets
Impact: Retailers need to remain sensitive to local conditions
DIVERSIFYING THE OFFER
Summary 3 Major Retailer Diversifications of Product/Service Offering 2006/2007
Outlook: An accelerating trend
Chart 24 Wal-Mart Stores Inc: Homewares at Asda Living, UK
Impact: Adapting to an expanding threat
NEW FORMATS FOR A CHANGING ENVIRONMENT
Summary 4 Format Diversification by Major Retailers
Outlook: Thinking small
Impact: Blurring categories
INTENSE COMPETITION FOR RETAIL SITES
Outlook: Possibility of increasing restrictions
Impact: Driving up prices and spurring innovation
RETAILERS GAIN THE UPPER HAND
Table 5 Private Label Global Strength 2005
Outlook: Retailers’ growing power set to raise concerns
Impact: Growing pressure on small suppliers
EXPANDING THE PRIVATE LABEL OFFERING
Chart 25 Tesco Plc: Home Improvement
Outlook: Extending coverage of products and geographic markets
Impact: Shaping brand activity in products and services
Summary 5 Private Label Premiumisation 2006/2007
NEW MARKETS, NEW CONSUMERS: CRITICAL FACTORS FOR SUCCESS IN BRICS
BRICS: IN THE GLOBAL CONTEXT
Overview
Table 6 BRIC Markets in Global Context: Total Value Retail Sales: 2001/2006/2011
Chart 26 Retailing: Relative Market Value in US$ and CAGR: 2001-2011
Global retailers focus on BRICs
Table 7 Number of Urban Households 2006/2010
Regulatory developments favour modern format and foreign retailers
Summary 6 BRICs: Legal Restrictions on Retail and Governments Attitude
Gradual change in India
The threat of informal economy
Local retailers and anti-FDI lobby
Population structure limits opportunities in short to medium term
BRICS: CRITICAL SUCCESS FACTORS
The race for BRICs leadership
Summary 7 Selected Major International Retailer Presence in BRICs 2007
Timing and mode of market entry
Carrefour’s experience in Brazil
Timing crucial in Russia and India
The choice of market entry mode
Summary 8 BRICs: Market Entry Mode and Developed Formats
The choice of location and pace of expansion
Table 8 Passenger Cars per 1,000 Households 2006
Adapting to the local consumer and business culture
Recruitment challenges
The importance of the supply side
Grocery vs. non-grocery sales
Diversifying grocery retailing
Hypermarkets increase their non-grocery share
Chart 27 Retailing: Growth of Grocery Channels
An urban/rural divide
BRICS: OPPORTUNITIES
Moving beyond major cities
Summary 9 BRICs First-Tier and Largest Second-Tier Cities
Tapping rural markets
Ongoing liberalisation
The benefits of cash-and-carry
The franchising option
Developing shopping centres
Table 9 Number of Modern Format Shopping Centres/Malls 2005/2007
Increasing opportunities for non-food retailers
Table 10 Forecast Growth in Selected Non-grocery Sectors: % CAGR 2006/2011
FROM GLOBAL TO LOCAL: STRATEGIES FOR MEETING THE DEMANDS OF MODERN CONSUMERS
HEADLINES
MAJOR PLAYER COMPARATIVE PERFORMANCE
Comparative Sales Performance
Table 11 Leading Retailers: Retail Value Excl Sales Tax/VAT 2005
STRATEGIC ACTIVITY
Internationalisation
Summary 10 Leading Retailers: Major Withdrawals and Investment Plans
Chart 28 Leading Retailers: Internationalisation
Summary 11 Leading International Retailers based in Emerging Market Regions
CONSOLIDATION
Top 10 retailers tighten their grip
Consolidation in major emerging markets
Hypermarkets and discounters most consolidated
Chart 29 Global Concentration in Key Retail Formats 2006
Way opening up for specialists
Grinding out consolidation in developed markets
Health and beauty specialists look to acquisitions to stave off mega-retailer threat
Summary 12 Leading Retailers: Major Investment Plans
OUTLOOK
The time is right for expansion
Seizing the opportunity to diversify into new formats and channels
Table 12 Forecast Fastest Growing Convenience Store Markets: 2006-2011
Table 13 Forecast Fastest Growing Discounter Markets: 2006-2011
Developing formats for specific markets
Rising to the on-line challenge
Table 14 Forecast Performance of Internet Retailing by Sector: 2006-2011
Table 15 Global Internet Retailing: Forecast Performance by Sector: 2006-2011
Table 16 Leading Internet Retailing Growth Markets: 2006-2011
Diversifying the product offering
Deriving growth from commitment to non-food
Table 17 Forecast Performance of Mixed Retailers by Region: 2006-2011
Adding the service dimension
Summary 13 Specialists’ development of services
Innovating in private label
Summary 14 Fair-trade and Organic Private Labels
Exploiting new retail technologies
Widening the geographic footprint
The lure of emerging markets
A new phase of development
Chart 30 Forecast Growth in Retailing in BRICs: 2006-2011
ALL EYES ON INDIA
Political caution remains
Table 18 India: Leading Retailers 2006
A matter of time?
Table 19 Forecast Performance of Indian Retailing by Sector by Region: 2006-2011
NON-STORE RETAILING OPPORTUNITY OR THREAT?
HEADLINES
Table 20 Non-Store Retailing as a Proportion of Total Retailing: 2001-2006
KEY TRENDS AND DRIVERS
The evolution of Internet retailing – E-commerce 2.0
Trend towards cocooning
Table 21 World Total Digital Satellite Pay-TV Subscribers 2000-2005
Advances in payment systems
Table 22 Financial Cards in Circulation: 2006-2011
INTERNET RETAILING PROVIDES NEW IMPETUS TO NON-STORE
Global growth driven by the Internet
Homeshopping remains most valuable channel
Direct selling increasingly reliant on emerging markets
Conservatism and competition constrain vending
Chart 31 Global Non-Store Retailing by Channel: 2001-2006
TOP FIVE MARKETS ACCOUNT FOR NEARLY 80% OF NON-STORE RETAILING
Non-store retailing dominated by major developed markets
Chart 32 Leading Non-store Retailing Markets in 2006
Internet drives US growth
Embedding in consumer lifestyles
Technology plays important role in Japan
Responding to Internet growth
Maturity in vending
Table 23 Top 10 Markets for Vending in 2006-2011
Homeshopping suffers an image crisis in Germany
Multi-channel operators boost Internet
Legislation constrains German vending
Spending boom drives UK growth
High street developments undermine direct selling
Table 24 Top 10 Markets for Direct Selling in 2006
Homeshopping grows in South Korea
THE IMPACT OF NON-STORE: 6% OF GLOBAL RETAILING AND RISING
The Internet starts to make its presence felt
Specialists face a growing threat
Stores put pressure on vending and direct selling
STORES FIGHT BACK: MULTI-CHANNEL RETAILING
Traditional retailers expand into non-store
Non-store increasingly incorporated into multi-channel strategies
NON-STORE OPERATORS GO MULTI-CHANNEL
Direct sellers develop online presence
Avon expands online
Potential integration for homeshopping retailers
Multiple channels provide breadth of coverage for direct sellers
COMPETITIVE ENVIRONMENT
German companies prominent at global level
Table 25 Global Ranking of Non-Store Retailers: 2004-2006
Taking the multi-channel approach
Direct selling – the most consolidated channel
Direct selling in a multi-channel context
Multi-channel operators impact leading online players
Store-based retailers exert twofold pressure
Redefining integration
FOCUS CHANNEL: INTERNET RETAILING
Booming Internet population
Table 26 Top 10 Countries by Internet Users: 2006-2011
Mobile phones become a popular way to access the Internet
Baby boomers – the fastest growing group of Internet users
On-line fashion – visualisation and personalisation
Chart 33 Global Internet Retailing Sales by Category: 2011
Quick delivery e-commerce
Table 27 Internet Retailing Sales Growth by Region: 2006-2011
Challenges
EXPLOITING NON-STORE RETAILING OPPORTUNITIES
Non-store compatible with prominent retailing trends
Marketing and retailing combined
Targeting younger consumers
Potential to exploit the health trend
Opportunities in emerging markets
Favourable conditions for multi-channel players
Mail order retailers leverage logistics experience
Building on brands
Environmental concerns set to bolster the role of Internet retailing
Regulatory changes opening up opportunities