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From China to India, how the world’s retail markets stack up: report

Inside Retail

China is the world’s largest retail market, accounting for almost 50 per cent of global retail transactions. trillion in 2022 and grew at a CAGR of 8 per cent from 2017 to 2022. Estimates suggest China’s social commerce market enjoyed a 40.25 Estimates suggest China’s social commerce market enjoyed a 40.25

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Opinion: Why foresight is the future of marketing strategy

Inside Retail

By using future-focused insights, retailing marketers can evolve their strategies to stay abreast of change. A marketer’s crystal ball? The fact that this ad is still relevant in 2022 shows the strength of this longer-term vision, first conceived in 2018. Looking to the future is the future of marketing.

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Global luxury brands find safer passage into India’s premium retail market

Inside Retail

In response, these brands have discovered an alternative path to capitalise on this transformation by forging partnerships with locally respected brands to synergise their efforts in luxury retail. Fueled by a burgeoning young population and affluent consumers exposed to global trends, luxury retail is experiencing rapid growth.

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Seven Key Technologies For Retailers In 2022 

RetailMinded

Retail marketing has never been the same, especially with the changes brought about by the pandemic. These significant changes in the digital and marketing spaces altered customer expectations, shopping processes, and online experiences. Retail marketing isn’t easy. Customer Service Robots . Facial Recognition .

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13 Retail Marketing Tips For Small Businesses In 2023

RetailMinded

Our tips for retail marketing will help you level up in 2023 for better sales and happier customers. Take it a step further: For a relatively hands-off online strategy, it doesn’t get much easier than using Amazon’s Fulfillment by Amazon (FBA) program. This is just one of the many ways shopping has evolved. Nearly 80% of U.S.

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Tips from a travel retail expert on tapping into passenger demand

Inside Retail

Brands that had previously relied on bricks-and-mortar sales had to accelerate their e-commerce strategies, TikTok became an extremely effective advertising and marketing tool, and certain retail categories like travel retail saw their sales drop virtually overnight. billion in 2022 to US$79.05 billion in 2020.

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Central Group snaps up KaDeWe’s remaining assets. What’s next?

Inside Retail

Central Group made the headlines again in 2022 after snapping up Selfridges Group, making it the largest luxury department store operator in Europe. According to GlobalData, the Europe luxury retail market size was US$109.8 billion in 2022 and is expected to grow at a CAGR of more than 5 per cent between 2022 and 2027.