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.
The global retail market was valued at nearly $25 trillion in 2017. Asia Pacific was the largest region in the retail market in 2017, accounting for around 31% market share. The USA was the largest country in the market in 2017, accounting for around 21% market share.
In 2014, many e-commerce retailers started offline stores. Birchbox, an e-commerce store opened its first physical store in Soho, New York 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.
The top five companies covered are Wal-Mart., Costco, Kroger, Amazon Inc and Home Depot. Wal-Mart was the largest company in the retail market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Retailers market is segmented into Specialty Retailers, Department Stores & Other General Merchandise Stores And Ecommerce & Other Non-Store Retailers.
Department Stores & General Merchandise Stores market comprises of establishments selling a wide variety of products such as housewares, furniture, consumer electronics, toiletries, toys, greeting cards, plastic wares, hardware, jewelry items, shoes, kitchen appliances, clothes, readymade garments, bakery, music world, gift items, cell phones, home appliances, cooking wares, furniture, sports equipment, frozen food and grocery items.
Specialty Retailers include stores that focus on catering to one specific retail market or one merchandise line of goods. The scope of the product offerings determines if a company is a specialty store. This industry includes motor vehicle and part dealers, furniture, home furnishing stores, electronics and appliances stores, food and beverage stores, health and personal care stores and clothing and clothing accessories stores and other miscellaneous stores.
E-commerce And Other Non-Store Retailers Industry includes selling of goods and services over the internet and outside stores and shops. The industry includes online sales of goods and services, merchandising through the broadcasting of infomercials, broadcasting and publishing of direct-response advertising, publishing of paper and electronic catalogs, door-to-door solicitation, in-home demonstration, portable stalls, and vending machines.