© 2020 Copyright owned by one or more of the KPMG International entities. As retail collides with adjacent consumer-focused sectors, it continues to undergo constant disruption. 1 GLOBAL ECOMMERCE MARKET RANKING 2019 - 4 SPOTLIGHT ON: USA The United States is the number one eCommerce market in the world for 2018. DTTL does not provide services to clients. The industry leaders canvassed for Global Emerging Trends all take comfort from the fact that there is lower leverage in the system and lower levels of supply in all regions than in previous cycles. The result? Emerging markets are forcing global retailers to continually rethink their strategies. Retail 2020: Five Forces and 10 Trends in Global Retail by Coresight Research Plus Four Rollovers from 2019 We also note four trends that we identified for 2019 that we expect to continue to be highly relevant in 2020: Expect to Industry Overview The retail industry in Singapore spans a wide range of businesses, from supermarkets and convenience stores to fashion and furniture. Online retail market is estimated to reach US$ 60 billion by 2020. UK retail industry suffered worst year on record in 2019 This article is more than 10 months old Job cuts and store closures on ailing high streets pummelled sector, data shows As opposed to the previous year that was focused on meeting challenges, this year, the fashion industry will welcome opportunities. 2019 is poised to be a transformational year for retail. This report focuses on the global Retail Management Software status, future forecast, growth opportunity, key market and key players. And amid the disruption, one thing remains consistent: Consumers are becoming more powerful, with expectations of “having it all.”. Global retail sales 2019-2023, by sales channel. We have identified three themes for 2019: Global growth will slow. You will not receive KPMG subscription messages until you agree to the new policy. The report provides a basic overview of the industry including definitions and classifications. Find out how KPMG's expertise can help you and your company. We want to ensure that you are kept up to date with any changes and as such would ask that you take a moment to review the changes. The value of the total fashion retail market, including footwear but excluding jewellery, is $1.78 trillion, a jump of 14% since our 2018 report. In 2019, the global Retail Management Software market size was million US$ and it is expected to reach million US$ by the end of 2026, with a CAGR of during 2019-2026. Retailers should stay ahead of the changes driving the marketplace in 2019. Even with the challenges the retail industry faces , with billions of worldwide consumers, retail has grown to become a massive player in almost every way. But in light of the worsening economic backdrop to investment, pricing of core real estate – a long-running concern in all three of our regional reports – becomes more of an issue than ever. Technology continues to change the rules of engagement, consumers are more demanding than ever, and getting them to notice your brand amid all the noise in the market is an even greater challenge. The aggregate retail revenue for the Global Powers of Retailing Top 250 companies was US$4.74 trillion in FY2018, with an average size of US$19.0 billion per company. The fashion industry has always been sensitive to cross-border trade. {{vm.newUser3}} 11 Retail For updated information, please visit www.ibef.org STRONG GROWTH IN THE INDIAN RETAIL INDUSTRY Note: *CAGR for 2000-2016, F – Forecast, E – Estimated Source: indiaretailing.com, BMI Research, Consumer Leads report by FICCI and Deloitte - October 2018 The retail sector in India is emerging as one of the largest sectors in the economy. By continuing to … The retail industry is undergoing an unparalleled transformation. 2019 is poised to be a transformational year for retail. (JEC Democratic, Bureau of Labor) Average annual wages in fashion range from 26,440 dollars, for textile bleaching and dyeing machine operators, to 84,600 dollars for marketing and sales managers in fashion. Deloitte’s Global Powers of Retailing 2019 reviews the global economic scenario and its impact on the retailing industry. Since the last time you logged in our privacy statement has been updated. Fashion companies across the globe will adjust according to changing trends in consumer styling. Modern retail should grow at an 18 percent clip for the next five years, with online retail—especially grocery—taking off. Technology continues to change the rules of engagement, consumers are more demanding than ever, and getting them to notice your brand amid all the noise in the market is an even greater challenge. Please see www.deloitte.com/about to learn more. The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. ... Industry Insights and Trends Feb 14, 2019 8 min read. Technology continues to change the rules of engagement, consumers are more demanding than ever, and getting them to notice your brand amid all the noise in the market is an even greater challenge. Charles & Keith is one company that has used online platforms to enter global markets successfully without opening physical retail stores. Retail 2020: Five Forces and 10 Trends in Global Retail by Coresight Research. Global watch market is projected to grow at a CAGR of 4.10% during the forecast period (2020-2025). Please enable JavaScript to view the site. We want to make sure you're kept up to date. The World Retail Congress brings together the leaders of today’s global retail industry – from multi-national powerhouses to game-changing start-ups and disruptors. Competition. In 2019, the market will be defined … Global fashion industry statistics - International apparel. 4. The retail industry is easy to define at the highest level - it is the selling of consumer goods or services to the end buyer. With a new year underway and the National Retail Federation’s annual conference wrapping up in New York recently, retail industry stakeholders have a number of opportunities and challenges to consider. Some of them are listed below: It is becoming difficult to tell retail and technology companies apart. 140 the Global Halal Industry: An Overview South America | 0.1% North America | 0.2% Sub Saharanbeen Africa | 15% South Asia & Asia Pacific | 62.1% Middle East North Africa | 19.9% Europe | … The value chain across retail is becoming increasingly compressed. About 79 percent of all US employees in fashion work for apparel retailers. The global sportswear market size was estimated at USD 239.78 billion in 2018 and is expected to register a CAGR of 10.4% from 2019 to 2025. 4 Ghana 27 New to the Index at KPMG’s Global Consumer & Retail practice discusses the biggest retail trends in 2018. close. We rundown each of them, alongside the top influencers and trends you need to There are 3.48 billionsocial media users in 2019, with the worldwide total growing by 288 million (9 percent) since this time last year. Increasing awareness about lading a healthy lifestyle and about the health benefits of fitness activities, such as swimming, yoga, running, and aerobics are expected to drive the market. {{vm.newUser4}}. Overview. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à -vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. To stay competitive, many retailers have shifted their investment strategy over the last 10 to 20 years. Click anywhere on the bar, to resend verification email. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. All rights reserved. There are 4.39 billioninternet users in 2019, an increase of 366 million (9 percent) versus January 2018. Our privacy policy has been updated since the last time you logged in. Convergence. North America was the second largest region accounting for 29% of the global retail market. Overview and forecasts on trending topics. Consumers realize they can have it all. Global Fraud and Risk Report 2019/20 – Retail, Wholesale and Distribution Overview. Employment. A marketplace in which more brands have exposure. The global ecommerce market will rise more than 20% in 2019, despite mounting economic uncertainty and declining consumer spending growth around the world. Automation in retail: An executive overview for getting ready May 23, 2019 | Article Automation will reshape retail business models and the broader value chain, creating organizations with fewer layers and a better trained and trusted workforce empowered by real-time data and analytics. 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