The top three trends shaping Asian convenience retail
Leading convenience retailers in Asia generated more than US$130bn in sales in 2014, through a combination of higher sales from existing stores, as well as significant new-store expansion, according to research carried out by UK-based IGD Retail Analysis.
This strong growth is expected to continue, with Asia’s megacities containing a perfect mix of high population densities, rising affluence, consumers who prefer to shop daily and close to where they live, as well as legislation in some markets that restricts the development of larger stores.
Big three retailers to watch 1. Private label seen as a key differentiator 2. Simple, convenient and relevant marketing 3. Linking online and offline together What can food companies learn from convenience in Asia?