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

Inside Retail

Kearney, a renowned global consultancy firm, recently unveiled its latest findings in the 2023 Global Retail Development Index (GRDI) report , shedding light on emerging market potentials and strategic pathways for retail expansion. It was valued at $3.8 trillion in 2022 and grew at a CAGR of 8 per cent from 2017 to 2022.

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

Inside Retail

The expansion of luxury retail, both in the present and the foreseeable future, extends beyond major Indian metropolises like New Delhi, Mumbai, Hyderabad, and Bangalore, encompassing upscale towns across the nation. The number of millionaires in India is expected to double to 1.6 million within the next three years.

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Vietnam’s Vincom shifts focus from expansion to upgrades

Inside Retail

Luckily, Vietnam has never been dependent on tourism to drive demand to the same extent as some of its neighbours, notably Thailand, so it is mainly domestic consumption that will underpin retail sales growth. The real engine of occupancy growth is likely to be the expansions of the latter. So far, it’s doing the trick.

Expansion 130
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How premium Japanese outlet Gotemba is bringing beauty to bargain shopping

Inside Retail

So much so that Gotemba’s most recent expansion was opened confidently in the middle of the pandemic, bringing its store floor area to 61,000sqm and its store count to 290. The centre’s tenant lineup is a who’s who of high-end retail, featuring designers from all around the world. Thus, three expansions at Gotemba.

Shopping 130
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Introducing Better That — a new online marketplace with a heart

Inside Retail

Like other online marketplaces, Better That takes a commission from all retailer sales on its platform, but unlike the competition, it donates up to 25 per cent, with a minimum of 10 per cent, of its net commission revenue to charities and community organisations. We’ve already got 40-odd New Zealand retailers signed up.

Expansion 130
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Localisation, livestreaming and logistics: How to tap into the Chinese market

Inside Retail

China’s online retail sales increased by approximately 12 per cent last year, despite the period of lockdown earlier in the year, and the latest forecasts suggest we will see further advances. The future of China’s retail market is all about e-commerce.

Marketing 130