Report Global Powers of Retailing

Article

Global Powers of Retailing 2018

Transformative change, reinvigorated commerce

It is a transformative time in retail. The shopper is clearly in the driver’s seat, enabled by technology to remain constantly connected and more empowered than ever before to drive changes in shopping behavior. “Everywhere commerce” has taken root, allowing consumers to shop however, wherever, and whenever they want—whether in stores, online, by mobile, voice activation or click-and-collect.

Global Powers of Retailing 2018 - Retail trends

Global Powers of Retailing 2018 focuses on the theme of “Transformative change, reinvigorated commerce”, which looks at the latest retail trends and the future of retailing through the lens of young consumers. The rules of retailing are being rewritten in this time of transformative change. Innovation, collaboration, consolidation, integration, and automation will be required to reinvigorate commerce, profoundly impacting the way retailers do business now, and in the future. 

The four trends identified in the report are:

1. Building world-class digital capabilities

Retailers across the globe are rapidly adapting to the fact that, from the consumer perspective, shopping is not about bricks versus clicks or one channel versus another. Instead, consumers are channel-agnostic. The shopping journey and pre-shopping research is a fluid process with consumers bouncing between online and offline along the path to purchase.

2. Combining bricks and clicks makes up for lost time

The rest of the retailing world is not about to sit idly by and watch Amazon shoot up the retail ranks and steal market share. Many players that may have initially been on the sidelines, failing to keep up with digital trends, are now making up
for lost time in a big way.

3. Creating unique and compelling in-store experiences

Physical retail stores are not going away; 90 percent of worldwide retail sales are still done in physical stores.24 But to compete with the convenience and endless aisle assortment offered online, meaningful customer experiences and brand engagement is crucial. Apple Stores and Nike Retail are held as the gold standard in this regard.

4. Reinventing retail with the latest technologies

Few times in history have rapid advancements in technology and breakthrough innovations had the ability to disrupt retail business models in such fast and allencompassing ways. If not already, the Internet of Things, artificial intelligence, augmented and virtual reality (AR/VR), and robots should be on every retailer’s radar.

Global Powers of Retailing 2018

Global economic outlook

The global economy is currently in the midst of a period of relatively strong growth and benign circumstances. Growth has accelerated in Europe and Japan, stabilized in China and the US, and revived in many other emerging markets. Inflation remains low in most places, asset prices have risen, and central banks have retained relatively easy monetary policies. Conditions are so good that one could be forgiven for worrying about hidden risks. Actually, there are a number of clearly visible risks. These include protectionist sentiment, potential asset price bubbles, an impending tightening of monetary policy in several locations, political dysfunction and fragmentation, and geopolitical tensions.

Top 250 retailers

Global Powers of Retailing 2018 identifies the 250 largest retailers around the world based on publicly available data for FY2016 (fiscal years ended through June 2017), and analyzes their performance across geographies and product sectors. It also provides a global economic outlook and looks at the 50 fastest-growing retailers and new entrants to the Top 250.

More information?

Do you want to know more on retail or the Global Powers of Retailing 2018? Please download our report or contact Victor Hoong through the contact details below.

Global Powers of Retailing 2017 - The art and science of customers

Global Powers of Retailing 2017 discusses the art and science of customer engagement to help retailers design fresh experiences, enabled by the right technology, and strengthen customer loyalty. While the five trends discussed are not new, what is interesting for 2017 is that what was once futuristic is now table stakes. Retail innovators know technology is no longer supplemental to the shopping experience, it is fundamental. Technology alone, however, is not enough. Customers are seeking new and surprising products and experiences.

Global Powers of Retailing 2016 - Navigating the new digital divide

The 19th annual Global Powers of Retailing identifies the 250 largest retailers around the world based on publicly available data for fiscal 2014 (encompassing companies' fiscal years ended through June 2015), and analyses their performance based on geographic region, product sector, e-commerce activity, and other factors. It also provides a look at the world's 50 biggest e-retailers.

Global Powers of Retailing 2015: Embracing Innovation

The 18th annual Global Powers of Retailing identifies the 250 largest retailers around the world, and analyses their performance based on geographic region, product sector, e-commerce activity, and other factors. It also provides a look at the world's 50 biggest e-retailers. In addition, the report considers strategies retailers are taking to cope with disruptive change in the industry, provides an overview of the global economy and how it will impact the retail sector, and discusses "Q Ratio" which is a way of measuring non-tangible business assets.

Global Powers of Retailing 2014: Retail Beyond begins

The 17th annual Global Powers of Retailing report identifies the 250 largest retailers, examines trends for retailers to consider as they plan their growth strategies, provides a global economic outlook, and discusses "Q" ratio. This edition also includes a section on “Retail Beyond,” which takes a provocative look at how existing technologies could conceivably converge and further transform the already complex relationship between retailers and consumers. In addition, the 2014 report marks the first appearance of the Top 50 E-retailers list.

Global Powers of Retailing 2013: Retail beyond

The 16th annual Global Powers of Retailing report identifies the 250 largest retailers, provides a global economic outlook, and discusses "Q" ratio. It also includes a section on "The Future of Retail," which examines the industry impact as consumers seek an integrated shopping experience across channels – and in some cases across geographies – causing some retailers to be put to the test.

Vond u dit nuttig?