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
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
Cloud computing changed data analytics for good. It enabled companies to drastically decrease resources and architecture previously assigned with business intelligence departments. It also enabled laymen to run advanced business analytics. Cloud was also the architecture of choice for storing and processing big data. Data piling is a continuous process, which is going to explode with emerging Internet of Things concept. Answer to this issue developers found in new concept called fog computing. ...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will discuss the vast to...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
SYS-CON Events announced today the How to Create Angular 2 Clients for the Cloud Workshop, being held June 7, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified. Now it’s a component-based well-performing framework. The immersive one-day workshop led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and...