Asia retail sales
Over 80% of retailers will still have online, physical stores in the next 5 years
Consumers want to physically see and touch items they would buy.
Over 80% of retailers will still have online, physical stores in the next 5 years
Consumers want to physically see and touch items they would buy.
Southeast Asia’s digital consumers to reach 370 million by end-2022
It is expected to grow to 402 million by 2027.
Retail sales in Asia’s department stores to climb by 2% annually until 2026
This will follow a “remarkable” rebound of 23% in 2021.
E-commerce retail sales expected to rise 14% yearly until 2026
In 2021, the sector posted a 24% sales growth.
Asia retail sales to grow 7% annually to 2026
This will be driven by strong digitalisation, and consumer confidence, amongst others.
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EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences
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By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
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