Channel Growth in Global Retailing
The internet was the driving force behind global retailing market growth in the past few years, states Jon Wright, head of global retailing research at Euromonitor. Most retailers augmented their physical stores with online sales, which drove further growth for the internet channel. The Asia-Pacific region had the biggest gain in internet retailing, with retail value growth reaching 25% in 2011. The onset of internet retailing has taken its toll on store-based retailing, with both store-based grocery and non-grocery retailing seeing growth of only 1% in constant terms in 2011.