Retail market, goods, customer, consumer, countries development, supermarkets, hypermarkets, beverage stores, cosmetics, personal care stores, electronic stores, appliance stores, segment, channel of distribution, e-commerce, e-marketing, online, internet, foreign markets, growth, developing countires, social media, online wholesaler, opening hours, companies
When talking about the segmentation of the retail market, we have categories such as supermarkets and hypermarkets, food and beverage stores, cosmetics and personal care stores, electronics and appliance stores, etc. Although the motor vehicle and parts dealers were the leading segment in 2020, with 19.3% of the global retail market, super and hypermarkets were also among the leading segments.
It is important to mention that there are many channels of distribution in the retail industry and the main are supermarkets and hypermarkets, department stores, specialty stores, convenience stores and finally e-commerce. In 2020, the super and hypermarkets were the largest channel of distribution in the retail market, with almost half of the distribution channels. It was followed by e-commerce, as a distribution channel, and convenience stores occupied the third position.
[...] The necessary evolution of the large retail outlets to face the global rise of e-commerce Introduction Retail market presentation Whenever the « retail » concept is mentioned, it refers to the sale of goods and services to customers or consumers. It concerns all sorts of goods such as clothes, shoes, cars, electronic apparels, etc. Countries like the USA, China, the UK and Germany are the leading ones when it comes to the retail market in the world. If we can define this concept, we will say that « Retailing involves buying from wholesalers or direct from producers, breaking bulk, displaying goods for sale either physically or online, and sometimes delivery. [...]
[...] The phenomenal growth in E-commerce can be credited to the increased access to the Internet. In the United States, Internet access reached a volume of 224 million users in the year 2007 and is expected to continue increasing with a forecasted volume of 275 million users by 2012. Retail sales are expected to continue rising along with the increasing number of online users, including significant retail sales of apparel, accessories, and footwear. » These predictions led to the actual situation of e-commerce. [...]
[...] The covid-19 lock down encouraged people to buy online, the reason why the rate has increased lately. When we look into the future, it is predicted that almost 95% of the retail market in the world will be happening online by 2040. If we wondered a second, how did the online shopping get to this level? The growth has been so fast and there are surely factors that have influenced this rapid evolution. If we go back to the history, we will discover that the internet is a core factor to the rise and rapid evolution of e-commerce. [...]
[...] There is an immediate use of the product, although the client might need to cancel its programs before getting the product. But finally, people feel safer this way than waiting for the shipment to happen. When it comes to the opening hours, the online retailers are available 24 hours for the whole week. The reverse is the case for offline retailers. In fact, the latter function with the logic of 8 hours a day. Some clients go to work during the allowed 8 hours, not making it easy for them to buy at that moment. [...]
[...] This is how the online stores (E-commerce) are taking over the offline stores. This means that the products to sell on offline stores will be determined by the trend of the digital world. This is a very huge impact and evolution on the side of online stores. To summarize, the E-commerce companies are able to sell online, inform the public online through blogs, and collect opinions using online surveys. All these operations save time and money compared to the traditional ways of selling, marketing and collecting data. [...]
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