Welcome!

News Feed Item

Asia Pacific's Top 500 Retailers See Drop in Traditional Retail Sales, Growth in Internet Retailing

SINGAPORE, SINGAPORE -- (Marketwired) -- 06/22/14 -- Euromonitor International and Retail Asia are pleased to announce the launch of the eleventh edition of the Retail Asia Top 500 Retailers Ranking, listing the largest retailers in the region.

The retailers on the Retail Asia Top 500 Ranking had total combined revenue of $1.035 trillion, down nearly 3 percent from the previous year, due to a weakening yen. The decline in combined sales primarily was caused by the weakening exchange rate of major Asian currencies against the US dollar, which was the common denominator used for the Top 500 ranking.

Japan still dominates the top 10 positions in the Retail Asia Top 500 Ranking, but China has officially overtaken Japan with the overall highest number of entries. China's share of the Top 500 list has continuously grown from 19 percent in 2009 to over a 31 percent share in 2013.

"The top ten Japanese retailers' total sales turnover increased a creditable 3.1 percent year-on-year in domestic Yen currency term. When denominated in US dollars, the same turnover figure contracted a harsh double-digit 14.5 percent. The scenario practically held across the board among other major Asian economies as well," says Steven Goh, executive chairman of Retail Asia.

While the Top 500 Retailers in Asia-Pacific registered a drop in retail sales, internet retailers have enjoyed double digit growth. In 2013, the top 10 internet retailers in Asia-Pacific had sales totalling $110 million, up 23 percent from the previous year, according to Euromonitor. This channel has strong potential as store fronts carry high rental fees and additional labour costs with internet retailing offering consumers more convenience, greater product availability and competitive prices. Of the top 10, the leading six players are pure Internet retailers that operate in multiple markets in the region.

Euromonitor International's Head of Retailing, Daniel Latev says, "While growth is not expected to be as dynamic as before, the Middle East, Africa and Asia-Pacific will generate the highest amount of new sales worldwide. In the next five years, those regions will account for more than half of all new global sales, offering enticing opportunities for retailers of which 500 retailers have already made it to this list."


----------------------------------------------------------------------------
 Ranking Country Fascia/Brand          Retail Company             2013
                                                            ----------------
                                                             Outlets  Sales
                                                                    (US$ mn)
----------------------------------------------------------------------------
    1      JP    7-Eleven              7-Eleven Japan        15,929  38,293
----------------------------------------------------------------------------
    2      AU    Thomas Dux,           Woolworths              933   31,881
                 Woolworths
----------------------------------------------------------------------------
    3      JP    AEON, Daieie          AEON Group              602   30,230
----------------------------------------------------------------------------
    4      AU    Bi-Lo, Coles          Westfarmers             786   28,843
----------------------------------------------------------------------------
    5      JP    Best Denki, Yamada    Yamada Denki           1,379  21,137
                 Denki
----------------------------------------------------------------------------
    6      JP    Lawson, Lawson Store  Lawson Inc            10,976  20,585
                 100
----------------------------------------------------------------------------
    7      JP    Ito-Yokado,           Seven & I Holdings      201   19,407
                 Robinson's, Seibu, et
                 al
----------------------------------------------------------------------------
    8      JP    Family Mart, Tomony   Family Mart           10,493  16,037
----------------------------------------------------------------------------
    9      CN    Auchan, RT Mart       Sun Art Retail Group    325   14,101
----------------------------------------------------------------------------
   10      CN    CR Sugo, Tesco Legou, China Resources         877   14,081
                 et al                 Enterprise
----------------------------------------------------------------------------

About Euromonitor International

Euromonitor International is the world's leading provider for global business intelligence and strategic market analysis. For 40 years, we have offered quality international market intelligence on industries, and countries and consumers. Our research offers in-depth market analysis on consumer goods and services industries worldwide, as well as economic, demographic and socio-economic data and insight on countries and consumers.

Euromonitor International is headquartered in London, with regional offices in Chicago, Sao Paulo, Singapore, Shanghai, Vilnius, Santiago, Dubai, Cape Town, Tokyo, Sydney and Bangalore, and has a network of over 800 analysts worldwide.

About Retail Asia Publishing

Retail Asia Publishing Pte Ltd is the industry leader for multi-informational hub for the retail companies. Established in 1991, Retail Asia Publishing represents retail news and updates of the Asia Pacific nations in the monthly Retail Asia magazine. Staffed by industry specialists, Retail Asia Publishing is headquartered in Singapore, with a regional circulation of 15,036 and a worldwide readership of almost 60,000. For more information, visit www.retailasiaonline.com.

Contacts:
To request for a copy of the complete report and
for further information please contact:
EUROMONITOR (ASIA) PTE LTD
11 Keppel Road #06-00, ABI PLAZA
Singapore 089057

(65) 6429 0590
Fax: (65) 6324 1855
www.euromonitor.com

Benedicte Dia (Ms)
Communications Manager
(65) 6429 0590 ext: 6598
[email protected]

RETAIL ASIA PUBLISHING PTE LTD
61 Tai Seng Avenue, #05-01 Crescendas Print
Media Hub Singapore 534167
(65) 6287 2025
(65) 6287 2027 (FAX)
[email protected]
www.retailasiaonline.com

Phila Anne Tan (Ms)
Associate Publisher
(65) 6287 2025
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effici...
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, drew together recent research and lessons learned from emerging and established compa...