Retail And Wholesale Market Global Briefing 2018

Retail And Wholesale Market Global Briefing 2018

  • January 2018 •
  • 41 pages •
  • Report ID: 5292849 •
  • Format: PDF
Retailers provide the service of making goods available to consumers in convenient quantities and locations. Retailing involves buying from wholesalers or direct from manufacturers, breaking bulk, displaying goods for sale either physically or online, and sometimes delivery.

Wholesalers are independent organizations in the distribution channel that buy in bulk and sell to resellers rather than to consumers. Both retailers and wholesalers take ownership of the goods and so bear the risk of carrying inventory. They also reduce the total number of transactions required for the process of transferring goods from manufacturers to consumers.

The retail and wholesale industry can be further classified as follows
i) Department And Other General Merchandise Stores,
ii) Wholesale Trade Market,
iii) Specialty Retailers And iv) E-Commerce And Other Non-Store Retailers

The largest geographic markets by consumption in the retail & wholesale market are Asia Pacific, North America and Western Europe. Asia pacific was the largest region in the retail and wholesale market in 2017, accounting for around $9.5 trillion of the overall market.

E-commerce Stores Setting up Offline Stores
In 2014, many e-commerce retailers started offline stores. Birchbox, an e-commerce store opened its first physical store in Soho and companies like Bonobos and Warby Parker doubled the number of their brick and mortar stores in 2014. E-commerce retailers setting up offline stores are good news for brick and mortar concept because it validates the need for physical stores.

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