Retail 2022
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Retail 2022

How the Economist Intelligence Unit Sees the Retail Landscape Changing over the Next Decade

Economist Intelligence Unit
EIU, 2012
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Editorial Rating

8

Qualities

  • Innovative

Recommendation

The Economist Intelligence Unit presents a thought-provoking picture of the global retail environment ten years from now and the challenges and opportunities these changes present. It takes stock of how retail has evolved and, through extrapolation from current trends, presents an analysis of the major sociodemographic, technological and business developments that will likely impact retailing in the future. getAbstract recommends this paper for its rigorous analysis of retail trends and insightful vision of retail’s future.

Summary

By 2022, BRIC countries – Brazil, Russia, India and China – will be four of the world’s six largest retail markets. By then, the Chinese retail market alone will be worth $8.3 trillion – nearly a quarter of total global retail sales and twice the size of the United States’ $4.5 trillion retail market. India will be next up ($4 trillion), followed by Japan ($1.6 trillion), Russia ($1.5 trillion) and Brazil ($1.2 trillion). Within ten years, India’s retail market will likely catch up with Western Europe’s. Chinese and Indian firms will buy up well-known retail names in the West. Rapidly rising demand will drive Chinese retail growth...

About the Author

The Economist Intelligence Unit is an independent research and analytics organization.

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