LONDON–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/Asia?src=hash” target=”_blank”gt;#Asialt;/agt;–A well-known market intelligence solutions provider, Infiniti Research,
has announced the completion of their recent free downloadable resource
on what
retailers in the UK can learn from the Asian retail market. Download
the free resource for comprehensive insights into what makes the
retailers in the Asian market different and how retail brands in the UK
can take inspiration from them and revamp their strategies to overcome
the retail challenges in their market.
Retailers in the United Kingdom have been facing several challenges over
the last year due to discounter and online competition, more expensive
energy, and rising business rates. As a result, some of the key brands
in the U.K. have been forced to shut down a consistent number of stores
across the country. Retail executives seeking to understand the future
of retail should take a close look at Asia. It has the world’s highest
rate of Internet shopping and the fastest growth in overall sales.
Experts at Infiniti Research expect that around half of the global
retail growth will continue to come from Asia in the next five years.
Are you prepared to face the challenges in the dynamic retail
market? Request
Free Brochure to know how we can help you formulate
effective strategies to survive the business challenges coming your way.
How is Asia’s retail industry evolving?
Mini marts are succeeding while large formats are struggling
Asian consumers are known to quickly adapt, as a result, some modern
retail formats have struggled in hyper/supermarkets in the Asia Pacific.
The reason is that getting around Asia’s cities can be difficult
especially due to factors including pollution and congestion, so
customers have started to favor shopping at the nearest facilities
available to them. Although destination shopping malls were successful
up to a point, now physical retail space needs to be where shoppers are,
not where retailers want consumers to visit. Furthermore, the rapid
penetration of smartphones has played a significant role in eliminating
all those hours previously wasted commuting through heavy traffic each
day.
Physical stores are evolving to stay relevant
Many traditional retail formats have re-imagined themselves in order to
stay relevant. Supermarkets have transformed to more like wet markets
and spaces with various niche food stalls, sometimes making it hard to
tell where the supermarket ends, and the outdoor market begins. Here,
consumers don’t feel the need to be loyal to one big brand; they are
drawn to niche brands and exotic offerings, tucked-away for them to
discover. What consumers want is an experience, environment, and
ambiance. This is where retail in the Asia Pacific has really begun to
get much more creative.
Dynamic market conditions often pose difficulties for companies in
gathering customer data. It becomes easier to track changing customer
demands and expectations with an experienced market intelligence
partner. Gain more insights into our service portfolio. Request
a free proposal.
Bringing social media to the forefront
Today, nearly everyone in Asia has a smartphone; nearly every smartphone
owner is on social media; and social media apps (such as WeChat in
China) combine nearly every service one needs to get by, including
social messaging, online banking, payments, car-hailing, food ordering
and delivery, travel planning, and retail shopping.
Request
for more information and know how we can help you
leverage robust customer intelligence solutions that can tap into the
market requirements and meet customer needs.
About Infiniti Research
Established in 2003, Infiniti
Research is a leading market intelligence company providing
smart solutions to address your business challenges. Infiniti Research
studies markets in more than 100 countries to help analyze competitive
activity, see beyond market disruptions, and develop intelligent
business strategies. To know more, visit: https://www.infinitiresearch.com/about-us
Contacts
Press
Infiniti Research
Anirban Choudhury
Marketing
Manager
US: +1 844 778 0600
UK: +44 203 893 3400
https://www.infinitiresearch.com/contact-us
