Top Retailing Trends in the Americas in 2015

250_topRetailingTrends-v1.1Download this e-book for a regional overview of the retailing market in Argentina, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Mexico, Peru, United States, Uruguay and Venezuela.

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Internet retailing is one of the most valuable and fastest growing channels globally with a 12% forecast compound annual growth rate (CAGR) from 2014-2019.  During the same period, Latin American internet retailing is expected to see a 10.8% CAGR and the US 9.6% growth, respectively. To keep up with their fast-growing competition, in-store retailers have added mobile apps for use in store to enhance consumers shopping experiences and supported higher taxes on internet purchases.

Convenience stores are also growing in popularity despite experiencing different levels of growth in North and South America markets.  For example, Super 24, the only convenience store chain in Guatemala, has tripled its stores since 2010 as many consumers are shopping at convenience stores in place of small independent grocers. Argentine cities are also turning to easier options to shop on the go and Colombians prefer the appealing prices and proximity of convenience stores.

“2014 saw a lot of opportunities for growth and change within the retail category,” said Latin America Research Manager, Sean Kreidler.  “In the coming years, both North and South American regions will remain a lucrative but challenging retail environment.  Sales will continue to grow due to innovation and the opportunity to utilize both online and in-store shopping experiences. However, companies need to be flexible to the needs of consumers, while differentiating themselves from their competitors to be successful in the industry.” 

March 3, 2015

Who's Buying the Most and Least Calories Worldwide?

Euromonitor explores the global purchase of calories around the world using the Passport Nutrition database.

Want access to even more global nutrition and dietary data? Request a demo today to learn how Passport Nutrition helps you position your products and company for success.

Back to School: Volunteering at Holy Angels in Bronzeville Chicago

Cat Dixby Cat Dix - Corporate Social Responsibility Manager

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The Big Shoulders Fund works across 89 different schools in Chicago, 74 elementary and 15 high schools, reaching nearly 24,000 students, 80% of those students are minorities, 61% of them are from low-income families, and 32% are not Catholic.  The organisation provides scholarships, special education programmes, instructional equipment; much needed school facility improvements, faculty support, operating grants and more to the schools.

Does it work?

On average by seventh grade, students in Big Shoulders Fund schools achieve at or above grade level on standardised tests.  Last year 77% of eighth graders chose to attend a Catholic or quality, college prep public option.  Of the last five graduating classes of Big Shoulders Fund scholars 83% enrolled in college in the Fall following high school graduation, well ahead of the local, state and national averages.

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March 2, 2015

Euromonitor to Partner with WWD Digital Forum: London 2015

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Euromonitor International is pleased to partner with WWD Digital Forum: London Thursday April 30, 2015 from 8:00am - 5:30pm in London (UK).

The connected world has necessitated a new approach to digital marketing and omnichannel retailing. Brands and retailers are adapting with more sophisticated storytelling and new strategies to capture online and offline customers.

Hear new trends and actionable insight from global industry leaders at the 2015 WWD Digital Forum in London on April 30th. Curated by WWD exclusively for fashion, footwear, beauty and retail industry executives featuring the latest creative solutions in social, mobile and e-commerce from around the world. 

Request a copy of the Euromonitor International report, Internet vs. Store-BasedShopping: The Global Move Toward Omnichannel Retailingto learn more about the move to the omnichannel experience

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Millennials - a New Breed of Travelers

Julie-SullivanInsight by Julie Sullivan - International Business Development Executive

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The Millennials refuse to be dismissed! This generation thinks outside the box, pushes boundaries and experiments with the unknown. When they entered the workforce, companies complained about how to manage the “lazy and entitled” employees, but now that they have a little cash in their pockets, companies are faced with a different issue – how to understand their spending habits. Although they are not yet the core customers of airlines, hotels, and travel companies, they are expected to be the power players in five to ten years, when they enter their peak earning, spending, and traveling years. According to the World Youth Student and Educational (WYSE) Travel Confederation, young travelers of the millennial generation represent 20% of international travelers. By 2020, 320 million international trips are expected to be made by youth travelers each year, a 47% increase from 217 million in 2013.  The challenge for travel and tourism companies is to understand this generation’s diversity, purchasing power and most importantly, how they are connected to each other and the world around them.

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Samsung Betters Apple and Others in Mobile Payments War

Michelle EvansAnalyst Insight by Michelle Evans - Senior Consumer Finance Analyst

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The mobile payments war has heated up with the official arrival of Samsung onto the scene. The world’s largest smartphone manufacturer unveiled its new mobile payment system, Samsung Pay, at the Mobile World Congress in Barcelona on Sunday.

Samsung Pay, which will be available on its new line of smartphones including both the Galaxy S6 and Galaxy S6 Edge, will launch this summer in the US and South Korea. The South Korean smartphone manufacturer expects to expand the mobile payments service to Europe and China thereafter. Samsung Pay works when a user launches the service and then confirms payment with his or her fingerprint. This mobile payments service will use NFC chips to communicate with compatible POS terminals as Apple Pay does today, but a recently acquired technology will enable the Samsung Pay system to work with traditional card swipe readers as well.

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Q&A: First Steps to Success in Emerging Markets

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My recent webinar “First Steps to Success in Emerging Markets” explored the vital factors for consideration when selecting new country markets. These are framed by our four pillar model: Market, Population, Access and Business Environment; which brings methodological clarity to the market selection process.  Attracting more than 300 attendees, the webinar ended with a thought-provoking Q&A session. Highlights of which are below.

How do you rate Cuba as a prospective market?

Cuba has been identified by Euromonitor as a “Consumer Market of the Future”, even before the thaw with the US. It has some demographic challenges – a relatively old population in slow decline, low average incomes and weak infrastructure - but it also has growth potential for fast-moving-consumer goods – tailored to suit local tastes. Yet competition already exists from Chinese companies and Spanish, as well as home-grown. Also tackling issues like a lack of brand awareness and a culture unused, or unaccepting of commercialism, means it’s not without its challenges. Although the US embargo has not yet been lifted, the time might be right to re-evaluate Cuba’s potential as a consumer market.

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March 1, 2015

Topshop Suffers a Setback in Japan

Emily PottsAnalyst Insight be Emily Potts - Contributing Analyst

No UK high street would be complete without a Topshop, the brand has firmly secured its place as a stalwart of teen and 20-something fashion. And, in recent years, parent company Arcadia has made no secret of its ambitions to replicate this success on high streets the world over. Since 2013, Topshop has brought its unique blend of cult cool and quirky designs to the US, Australia and China. In Japan, however, where Topshop first opened in 2006 with a goal of having 10 stores in the country, the brand’s bid to be a global player has suffered a setback. In January 2015, without an official announcement, Topshop closed its five Japanese stores. News filtered through from social media when shoppers posted pictures of closed stores.

Distracted by bigger prizes?

Topshop’s stores – two in Tokyo, plus one each in Yokahama, Osaka and Chiba Prefecture – were operated by franchise partner Mori Retail Systems. According to media reports, this partnership came to an end in May 2014. With its franchise agreement at an end, Topshop could simply be stepping back to reassess its approach to the market. This seems unlikely, however, given the seemingly hasty nature of the closures – some stores were left fully stocked.

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Commodities Roundup: February 2015

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Most commodities continued on the downward trend that began back in mid-2014. Overall commodities prices fell by 12% in January over the previous month. This podcast discuses trends and driving factors behind these falling prices.  Listen to the podcast for complete insights.

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Nutrition Snapshot: Australia in 2014

Emi_nutCountry_australia-v1.0

The average Australian purchases 1459 calories a day from packaged food and soft drinks, with bakery, dairy and oils and fats being the top three contributors. Dairy is the leading source of protein delivering up to 15g per day, 4g more than bakery. 14g of fibre is purchased daily from packaged food and soft drinks. Despite 65% of the Australian population currently being overweight and obese, by 2019, each person is expected to buy 35 calories more per capita per day.     

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February 28, 2015

Euromonitor to Speak at CARTES America 2015

CARTES-America

Event Name: CARTES Secure Connexions – America

Dates: May 5-7, 2015

Location: Washington, DC

Description: CARTES Secure Connexions America is a new business event designed to promote smart technologies in the large and dynamic North American market. The event combines a high level conference program with international experts and a comprehensive exhibition featuring the most representative companies in the industry.

They will present their latest innovative technologies in card manufacturing, payment solutions, identification and authentication solutions, mobility and digital security. They will benefit from a booming market with the potential deployment of EMV standard, the arrival of NFC-enabled mobile phones and the numerous e-government and security applications.

Continue reading "Euromonitor to Speak at CARTES America 2015" »

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Recent Posts

Who's Buying the Most and Least Calories Worldwide?

Back to School: Volunteering at Holy Angels in Bronzeville Chicago

Euromonitor to Partner with WWD Digital Forum: London 2015

Millennials - a New Breed of Travelers

Samsung Betters Apple and Others in Mobile Payments War

Q&A: First Steps to Success in Emerging Markets

Topshop Suffers a Setback in Japan

Commodities Roundup: February 2015

Nutrition Snapshot: Australia in 2014

Euromonitor to Speak at CARTES America 2015