In order to serve content material on our website, we depend on advertising income which helps us to ensure that we proceed to serve high quality, unbiased journalism. All seven of the area’s Top 250 retailers posted revenue will increase, which ranged from 6.5 p.c (Pick n Pay Stores) to 21.6 p.c (Steinhoff International) and resulted in composite retail revenue development of 12.9 p.c — the best of any area.
International expansion also continues to be an essential development strategy for a lot of retailers of hardlines and leisure goods — significantly for European companies, many of which have expanded into numerous neighboring nations inside their area.
They count on messaging and product and pricing info to be constant throughout all channels: promoting and social media; in-retailer and online; pushed or pulled; the sales people on the ground in addition to the customer support consultant on the cellphone.
Despite their giant size — retailers of fast-moving shopper goods generated average 2013 retail revenue of more than $22 billion — corporations in this sector are the least geographically dispersed, concentrating their operations in an average of 4.9 countries.
At Myntra, a web-based apparel and accessories portal, pure-play on-line retailers represent 30-forty% of the general vendor base and the remaining are conventional retailers which have a presence both online and offline, mentioned an organization spokesperson.