Department Stores - China - February 2014
US $4,460.00 (Excl.Tax)Excl. Tax Buy Now
“The department store and shopping mall sector is facing increasing competition for consumer attention, making it ever-more important for retailers to identify key consumer groups and their shopping habits to better adapt their offering to best suit consumers’ needs.”
– Matthew Crabbe, Director of Research – Asia-Pacific
In this report, we answer the key questions:
Continued growth of average wages, urbanisation and the spread of online retail into lower tier cities, will mean department stores and shopping malls need to widen their appeal across the consumer market. They need to become more responsive to local community needs beyond shopping alone, making their stores or malls places that people feel comfortable visiting for relaxation, without feeling the pressure to buy.
Department stores and shopping malls can no longer all chase the same narrow band of rich consumers. They must differentiate by finding the right balance of products, brands, services and entertainment to suit the key consumer groups, mixing high-end brands with a better array of mid-market brands for those on lower incomes, while appealing as much to younger consumers as to those older people generally on higher incomes.
Greater use of consumer shopping data to predict key consumer group trends, as well as communication with consumer via social media and mobile technology, will also be required in order to understand the shifting demands of people as they shop, and as they are themselves influenced by social and other media.
This report covers department store and shopping malls retailing in the People’s Republic of China, and includes:
These are defined as mixed goods retailers (where no single product category, such as groceries or clothing, predominates), which largely have self-contained departments with separate cash tills. It excludes large grocery-based stores/hypermarkets, or variety stores with only one pay point. Market volume is number of stores; market value is at total sales including sales tax and any concession income.
Shopping malls, centres, arcades or precincts can include one or more building built as a self-contained complex comprising retail shops, consumer services, dining and entertainment outlets linked by interconnecting (usually covered) routes, alongside areas for car parking (either outside or within the complex buildings), usually with one or more anchor retail outlets such as a large department store, supermarket or hypermarket.
This report will give you a complete 360-degree view of your market. Not only is it rooted in robust proprietary and high-quality third-party data, but our industry experts put that data into context and you’ll quickly understand:
What They Want. Why They Want It.
Who’s Winning. How To Stay Ahead.
Size, Segments, Shares And Forecasts: How It All Adds Up.
New Ideas. New Products. New Potential.
Where The White Space Is. How To Make It Yours.
What’s Shaping Demand – Today And Tomorrow.