2018全球零售力量（英文版）_48页-1mb

Summary of "Global Powers of Retailing 2018"

Core Content

The "Global Powers of Retailing 2018" report highlights the transformative changes occurring in the retail industry, driven by technological advancements and evolving consumer behavior. It identifies the top 250 retailers globally based on fiscal year 2016 data and analyzes their performance across geographies and product sectors. The report also provides insights into the future of retail through the lens of young consumers and includes a retrospective of the Top 250 over the past 15 years.

Main Trends and Insights

1. Transformative Change in Retail

• Consumer Empowerment: Shoppers are more empowered than ever, enabled by technology to shop anytime, anywhere, and in multiple formats (online, mobile, voice, click-and-collect).
• Omnichannel Experience: The concept of "everywhere commerce" is reshaping retail, with a focus on seamless, integrated shopping experiences.
• Innovation and Automation: Retailers are investing heavily in digital and technological capabilities, including AI, AR/VR, robotics, and voice-assisted shopping.

2. Digital Capabilities and E-commerce Growth

• Digital Influence: Digital interactions now influence 56 cents of every dollar spent in physical stores.
• E-commerce Expansion: Global grocery e-commerce sales increased by 30% in the past year, with China leading the growth at 52%.
• Amazon's Dominance: Amazon has moved from No. 186 in FY2000 to No. 6 in FY2016, showcasing its rapid growth and influence. It has expanded into physical retail through acquisitions like Whole Foods and is testing new concepts like Amazon Go.
• Collaborations and Partnerships: Retailers are forming strategic alliances to enhance their digital and physical capabilities. Examples include Walmart and JD.com, Walmart and Central Group, and Lowe's with b8ta.

3. Young Consumers' Preferences

• Key Factors: Young consumers prioritize customer service, quality, omnichannel shopping, and sustainability.
• Online Shopping: A significant portion of their shopping is done online, with females preferring more choices and males valuing quality and product visibility.
• Payment Systems: Future payment systems are expected to be more seamless, with contactless options like Apple Pay and Android Pay becoming more prevalent. Cryptocurrencies are also gaining traction.

4. Changes in the Top 250

• Growth Trends: The average 5-year CAGR of the Top 250 has declined from 9.1% in FY2006 to 4.8% in FY2016.
• Top 10 Shift: The Top 10 list has changed significantly, with Amazon rising to No. 6 and Wal-Mart retaining its top position. Only 4 of the 2006 Top 10 remain in 2016.
• Geographic Shifts: Europe's share of Top 250 revenue dropped from 39.4% to 33.8% in 10 years, while Asia Pacific and emerging markets are gaining ground.

Key Information

1. Quick Statistics

• Aggregate Retail Revenue: US$4.4 trillion
• Composite Net Profit Margin: 3.2%
• Minimum Retail Revenue to Enter Top 250: US$3.6 billion
• Top 250 with Foreign Operations: 66.8%
• Average Countries with Retail Operations: 10
• Composite YoY Retail Revenue Growth: 4.1%
• Composite Return on Assets: 3.3%
• Share of Revenue from Foreign Operations: 22.5%

2. Economic Outlook

• Global Growth: Strong and stable, with Europe and Japan growing faster, China and the US stabilizing, and many emerging markets reviving.
• Inflation: Low in most regions, which supports consumer spending but may be a concern if monetary tightening occurs.
• Monetary Policy: Central banks are likely to maintain easy policies, but there is a risk of tightening in some areas.
• Protectionism: Threats of protectionist actions, especially in the US, could lead to higher consumer prices and reduced purchasing power.
• Brexit Impact: The UK has experienced a decline in real consumer spending power due to the depreciation of the pound and inflation outpacing wage growth.

3. Retail Challenges and Opportunities

• Store Closures: Many traditional retailers are closing unprofitable locations and focusing on high-performing ones.
• Unmanned Stores: The rise of automated stores is being tested by several retailers, including Amazon Go, Auchan, and Coop Danmark.
• Fast Fashion Dominance: Companies like Zara, H&M, and Uniqlo have disrupted the apparel sector with faster production cycles and immediate customer satisfaction.

Conclusion

The retail landscape is undergoing significant transformation, driven by technology and changing consumer expectations. Retailers must adapt to omnichannel strategies, invest in digital capabilities, and embrace new technologies to stay competitive. While the global economy remains favorable, risks such as inflation, monetary tightening, and protectionism must be carefully managed. The report underscores the need for innovation, collaboration, and agility in the face of these challenges.