Global Non-Food Retailing Industry to Reach US$9.7 Trillion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global outlook on the Global Non-Food Retailing Industry. Global non-food retailing industry over the next few years will be primarily driven by growth opportunities in BRIC countries particularly China and India. Additionally, the market is also expected to reap benefits arising from the waxing popularity of online retailing.

Non-Food Retailing: A Global Outlook

Follow us on LinkedIn – Retailing is the final step in the supply/distribution network, which establishes the connection between consumers and the actual manufacturer of the product. Retailing is primarily classified as store based (Grocery & Non grocery) and non store based (Vending machines, Home shopping, Internet retailing and Direct selling). Retail business was traditionally operated either by family-run stores or by regionally targeted stores. Presently, the marketplace is dominated by large multinational conglomerates possessing huge financial resources. Foray of multinationals into the retailing business has made the industry extremely competitive. Price of products, location and ambience offered by the stores are some of the factors that play a vital role in helping retailers gain competitive advantage in the dynamic environment.

As was the case with most of the major industries, the retail industry, particularly the non food retail industry, was also pressurized by crumbling consumer/business confidence and frugal spending patterns during the 2007-2009 recession period. The market, nevertheless recovered in the year 2010 with developing countries spearheading the resurgence in consumer spends. In the upcoming years, retailers will increasingly combine the brick-and-mortar shopping experience with the electronic retailing experience. Against this backdrop, multi-channel retailing is poised to gain paramount importance, with reliance on a single channel making it virtually impossible for retailers to gain a competitive edge in the tough environment. Multi-channel retail format enables retailers to combine the synergies of traditional retail stores with other retailing formats such as mobile stores, online stores, catalogs and convenience stores.

For the industry emerging from the after effects of recession, cost is expected to play a major role influencing the overall profitability of companies in this space. Significant investments are forecast to be sunk into enhancing the flexibility of supply chain management systems, building strong customer relationships and into integrating e-commerce with regular business operations.

Another major trend engulfing the retailing environment is the rising popularity of online retailing. With the rise in internet usage, fixed and mobile broadband penetration, and innovations in easy online payment systems, online shopping is now a commonly adopted practice by modern time crunched consumers. In the present scenario, Internet is emerging into a major platform for information retrieval be it, products, brands or prices, therefore leveraging the world wide web to shore up retail sales is evolving into a critical strategy of every retailer. The retail arena has witnessed the emergence of a new breed of exclusive online retailers called e-tailers, and not to be left behind in the race; traditional retailers have also embraced the internet in a major way by offering online catalogs and shopping options. Also, consumers are deftly blending the use of magazines and the internet to plan purchases. Exposed to technology, present day younger consumers are informed shoppers who compare prices online and in magazines. Also, online retailers offer unique product varieties, which are often unavailable in traditional brick and motor outlets. Given, the growing popularity of online shopping, online marketing programs, such as, promotions through e-mail, and mobile messaging is gaining in importance.

The internet as a retailing avenue additionally gathered popularity during the 2007-2009 recession, which turned most consumers cost conscious. Average online spending per buyer witnessed increase in the past few years, a trend that is expected to continue. In next few years, video commerce integration into online shopping is expected to increase. Use of interactive videos for product promotion, as well as to provide general information would also increase, providing users with an interesting online experience.

The research report titled “Non-Food Retailing Industry: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry, highlights latest trends and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include United States, Canada, Europe (France, Germany, Ireland, Portugal and United Kingdom), Asia Pacific (China, Hong Kong, India, Indonesia and Vietnam) Middle East and Africa (Israel, United Arab Emirates and South Africa). The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit –
http://www.strategyr.com/Non_Food_Retailing_Industry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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