World News
PHILIPPINE RETAILING
Retail sector is strong
and growing—report made purchases. Low-income consumers are
44% more likely to shop in discount stores,
supermarkets, convenience stores and department
stores than their higher-earning counterparts.
According to a new Deloitte report, much
of the retail sector is strong and growing,
with both high-end and price-conscious
retailers seeing revenue gains over the
past five years. High-income consumers tend to shop more online
and to spend their money at more retailers than
the lower-income shoppers. The report noted that
fragmentation was even more pronounced online,
with affluent consumers being 40% more divided in
their choice of online retailers.
The study titled “The Great Retail Bifurcation: Why
the Retail ‘Apocalypse’ is Really a Renaissance,”
disputes the popular theme that retail is facing a
battle between online and brick-and-mortar. (CPExecutive.com, 03/21/2018)
Earnings growth in the Japanese retail
sector is accelerating once again
as companies expand beyond their
traditional turf by boosting their presence
abroad and in cyberspace.
Fast Retailing sees overall full-year net profit rising
9% on the year to 130 billion yen -- a second straight
annual record.
“Brick-and-mortar retail is not on or near its
deathbed. In fact, we are seeing retailers open new
stores at an astounding pace, and physical retail is
growing alongside digital,” Kasey Lobaugh, chief
innovation officer said.
Muji oper