2018 RETAIL ASIA-PACIFIC TOP 500
M E S S AG E
E
uromonitor International is pleased to once again partner with Retail Asia
as the official information provider for the 15th edition of the Retail Asia-
Pacific Top 500 rankings.
In 2017, the leading 500 retailers in Asia-Pacific had sales of US$954
billion, an increase of 1.4%. With regards to overall growth in Asia-Pacific, India had
the second fastest growth in store-based retailing in 2017. But it’s a highly fragmented
market so the leading retailers struggle to make the top of the rankings.
Despite a sluggish economy, two South Korean retailers, Shinsegae and GS Holdings,
significantly outperformed the industry. Both are benefiting from the rise of single
-person households in the country which prefer small-volume, packaged products
at lower prices. GS Holdings’ GS 25 brand recently launched a Japanese home-style
lunch box with premium side dishes, such as salmon miso BBQ and shrimp fries to
cater to single persons for lunch. Shinsegae’s emart24 brand now offers best-selling
books and magazines so customers can enjoy reading while they have lunch and
beverages in the outlet.
Shinsegae launched South Korea’s first discount grocery store, called No Brand, in
2016 and aggressively increased its store count. The brand sells private label products,
including cosmetics, snacks, packaged food and meats, at competitive prices. The
quality has been assured owing to Shinsegae’s sterling reputation.
Euromonitor International is the world’s leading independent provider of global,
strategic market research. With 14 offices globally and thousands of analysts all around
the world, our extensive network is conducting thorough market research, utilising
publicly available information and speaking with key industry players to build a consensus
view of the marketplace. We give our clients powerful access to the real story behind
consumer change. With expertise in 30 different industries and socio-demographic
and economic research in nearly 100 countries across the globe, it doesn’t matter if it
is emerging countries or developed economies: we identify the next opportunity first.
Looking forward to the next five years; there is a lot of opportunity for retailing in
Asia-Pacific. Sales that occur in stores are expected to grow by 10% to reach US$4.6
trillion. Digital commerce will grow by 75% to total US$1.1 trillion.
My sincerest congratulations to the retailers ranked in this
edition of the Retail Asia-Pacific Top 500. . I wish you all
the best as you continue on your journey to create the
future of retailing.
Michelle Grant
Head of Retailing
Euromonitor International
Retail Asia June/July 2018
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