Retail, wholesale and distribution
Our multi-disciplinary service approach
Along with the structural adjustment and the slow-down of the economy in China, retail industry has also started its times of evolution. Wages, logistics and all sorts of costs in the retailing industry remain high, resulting significant pressure on profitability. At the same time, e-commerce has quickly taken over the market share of traditional retail by offering lower prices, convenience payment, door-to-door delivery and other thoughtful services.
In front of the unprecedented challenges, retailers have actively or passively adjusted their development modes, in order to survive, develop and even achieve sustainable success in the ever changing market environment.
Major trends in China
Courage to evolution derives from the forward-looking attitude in striving for industry development. In the future, there will be five major trends in the development of retail industry in China:
- Urbanization will bring new opportunities to the retail industry resulting to the changes in consumption structure, where proportion of residents in urban areas has increased, as well as the increasing consumption capabilities of those live in the third and the forth-tier cities.
- Multi-format business has become the mainstream, which will continue to develop in the next few years.
- Following the emergence of Omni-channel shopping experience, internet and traditional retail channels have integrated with each other, which will offer seamless shopping experience to consumers.
- Mobile-commerce leads to evolution of brick-and-mortar stores, where consumers have gradually developed a shopping habit using mobile phones. In the future, impacts on store sales from mobiles will further increase.
- Integration of retail industry and capital market remains active. While VC/PE investment in the online retail sector has been growing rapidly, there are an increasing number of acquisitions in traditional retail area. Integration of the retail industry continues.
Deloitte's retail practice is composed of industry experts from audit, tax, consulting, risk management and financial advisory. We aim to help clients address varied complicated issues, develop and implement tailored solutions, so as to help your business stay ahead of the game and achieve sustainable success.
- Navigating the Chinese Digital Divide-Addressing the evolving needs of Chinese Customers
The whitepaper showcases how Chinese consumers continue to visit brick and mortar stores; however, digital is growing and increasingly impacting their in-store behaviours and ultimately, brick and mortar sales.
- China Power of Retailing 2015
This report is published jointly by Deloitte China and China Chain Store and Franchise Association (CCFA). It offers insights into the trend of the retail industry in China and provides preliminary advice on the transformation of retail businesses.
- Report on cooperative development between shopping centers and Chain brand merchants in China 2014
The report is developed by Deloitte China Consumer Business industry, Real Estate industry, CRIC and China Chain Store & Franchise Association (CCFA).
- Global Powers of Retailing 2015
Deloitte and STORES Media co-authored the 2015 Global Powers of Retailing, Embracing Innovation White Paper. The 250 largest retailers around the world are analyzed based on their financial performance, geographic region, product sector and e-commerce activities.
- China powers of retailing 2014
An analysis on the macro environment and development of the retail industry as well as the main business forms and trends in China.
- Global powers of retailing 2014
The 17th annual report identifies the 250 largest retailers around the world for the past fiscal year and examines the trends for retailers to consider as they plan their growth strategies.
- Report on cooperative development between shopping centers and chain brand merchants in China 2013
An analysis of the development trends and patterns of China's shopping centers, factors for success in investment and operation, as well as the development trends in the industry as the concluding remark.
- Retail globalization: Navigating the maze
While international growth offers massive opportunities for retailers, it's not easy.