Published on : Jul 04, 2018
Albany, New York, July 4, 2018: The retail industry has been witnessing a paradigm shift with respect to supply and demand. Moreover, a new retail model is trending – the platform retail – wherein merging of offline and online retailing takes place by using existing customer information in order to understand customer purchasing behavior and different types of services and products they normally choose. In addition, the report on global retail market also covers western retail scenario wherein retailers are adapting to the new retail trends and likewise, changing their business models. On the other hand, new market entrants involved in online retailing are growing beyond their core businesses and are focusing on partnering with retailers with a view to adapt to the changing customer lifestyles and demands. Several such insights are present in a new report titled “Global Retail 2018: Issues and Trends” that has been included in a new research report library of Market Research Hub (MRH).
Several trends have been emerging in the retail market, such as high preference for customer experience, increasing adoption of Artificial Intelligence (AI), emergence of conscious customers, and the trending bridge between technology and customer expectations from product delivery, quality and feedback standpoints.
Retail Market: Report Scope
The research report on retail market starts with table of contents and an executive summary wherein it discusses various issues, opportunities and trends that are influencing retailers worldwide. According to this report, web based retailing has gained significant weightage that has given rise to the new “platform retail”, which has significantly pushed the horizons of the retail sector.
Moreover, the retail market report reveals that the retailers in mature markets have been facing diluted customer spending along with overcapacity. That said, they are looking forward to engage into strategic partnerships with retailers in emerging markets such as India and China with a view to exploit skills of online operators.
With changing customer lifestyle and preferences, it has become essential to gain a thorough understanding regarding customer experience in terms of gaining customer feedback on the sold products or services. That way, retailers can gain customer loyalty which can act as a platform to enhance future sales from existing customers as well as new customers that get inspired from word of mouth strategies. Additionally, with online retailing witnessing a peak in its adoption across various industries, online retailers are more focused on providing side benefits such as discount offers and cash back points that customers can avail during next purchase. That implies that online retail market is expected to further grow in the coming years as individuals can avail products at much cheaper rate as compared to physical or offline retailing.
Retail Market: Reasons to Invest in the Retail Market Report
The research report on retail market provides incisive insights on major issues and challenges faced by retailers at a global scale. Moreover, it also emphasizes on various aspects that are trending in the retail market that are likely to change the direction of the industry as more focus is laid on customer expectations. Moreover, the retail market report provides actionable intelligence with respect to the retail scenario across key regions in the globe, including developed and emerging retail situations. The report on retail market can provide the reader a thorough understanding on the retail sector with which he/she can make the necessary changes in the respective retailing models to gain firm hold in the market.
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