Asia General Retailing

Direct selling in Vietnam shows signs of a gradual turnaround in 2024, buoyed by a healthier national economy and the rising trend for health and beauty products. Even though consumers remain cautious about their spending habits - largely due to ongoing wars in other regions and a persistent desire ...

General merchandise stores in Turkey saw good growth in 2024. Towards the end of the review period, department stores showed a greater focus on eco-friendly and socially responsible initiatives from its major players. For example, Beymen introduced the Beymen Reborn project during the review period, ...

Retail in Turkey was impacted by still-high inflation and interest rates in 2024, negatively affecting consumer spending. Due to the economic crisis in Turkey, price-sensitive consumers were increasingly drawn to much more affordable products, while the country’s more affluent population and those m ...

Health and beauty remained one of the most popular product areas within direct selling in Turkey in 2024, facing fierce competition from store-based outlets; store-based outlets offer bundles or kits, especially for beauty and personal care items. Over the review period, health and beauty has seen i ...

The general merchandise stores channel in the Philippines, which is dominated by department stores, saw continued growth in current value terms in 2024. Growth was assisted by higher foot traffic in shopping malls, where a high number of these stores are located. Moreover, as a means of attracting c ...

While the department stores channel only witnessed moderate growth in terms of the number of new outlets in Thailand in 2024, the category enjoyed much stronger growth in current value terms. This positive performance was in part thanks to the ongoing use of attractive marketing promotions which tap ...

General merchandise stores in Malaysia posted positive growth in retail current value and outlet terms in 2024, with variety stores registering the fastest growth rates in percentage terms. Department stores, the main format in general merchandise stores in retail current value and selling space ter ...

Following strong growth in the early-to-mid-review period, direct selling in Malaysia registered a second consecutive year of decline in retail current value sales in 2024. Nonetheless, the decrease was moderate, and retail current value sales remained well above the 2019 pre-Coronavirus (COVID-19) ...

Direct selling in the Philippines registered a further decline in current value terms in 2024. The channel suffered losses during the pandemic, when agents were unable to sell to their customers on a face-to-face basis. Direct sellers has also suffered from continued competition from the e-commerce ...

Direct selling finally saw a return to growth in current value terms in 2024, but sales remained well below pre-pandemic levels. Many consumers turned their back on direct selling during the pandemic due to concerns around the spread of COVID-19 and although these concerns have now largely vanished ...

In 2024, direct selling in China saw a marginal current value increase, indicating a modest turnaround after several years of decline. In-person events such as product demonstrations, parties, and conferences offer a unique opportunity for direct sellers to build deeper relationships with customers ...

In 2024, department stores remained the largest channel within general merchandise stores in China, although it experienced a current value decline, driven by consumption downgrading, the limited efficacy of policy measures, and increased online penetration. Economic pressures have been prompting co ...

Retail in China experienced moderate current value growth in 2024, although a slight slowdown in the rate of increase was seen compared with 2023. Macroeconomic factors played a significant role, with the economy slowing down, and the housing market facing challenges. High unemployment rates and red ...

According to PayNXT360, gift card market in Vietnam is expected to grow by 15.1% on annual basis to reach US$877.1 million in 2025. The gift card market in the country experienced robust growth during 2020-2024, achieving a CAGR of 17.8%. This upward trajectory is expected to continue, with the mark ...

Retail Market In Thailand 2025-2029 The retail market in Thailand is forecasted to grow by USD 71.7 billion during 2024-2029, accelerating at a CAGR of 6% during the forecast period. The report on the retail market in Thailand provides a holistic analysis, market size and forecast, trends, growth dr ...

Retail Market In Vietnam 2025-2029 The retail market in Vietnam is forecasted to grow by USD 278.7 billion during 2024-2029, accelerating at a CAGR of 14.7% during the forecast period. The report on the retail market in Vietnam provides a holistic analysis, market size and forecast, trends, growth d ...

Retail Market In China 2024-2028 The retail market in China is forecasted to grow by USD 1192.7 bn during 2023-2028, accelerating at a CAGR of 8.09% during the forecast period. The report on the retail market in China provides a holistic analysis, market size and forecast, trends, growth drivers, an ...

Beyond Price: What Value Means to Consumers in Asia Pacific While product value for consumers across Asia Pacific was traditionally defined by price, quality and quantity, a broader concept of value is emerging reflecting a blend of financial and emotional considerations that shape purchasing choice ...

City Profile - Delhi; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail Summary “City Profile - Delhi” provides historical and forecast data on key city level metrics along with analytical coverage ...

Macroeconomic Outlook Report: Singapore Summary Financial intermediation, real estate, and business activities contributed 25.4% to Singapore’s gross value added (GVA) in 2023, followed by wholesale, retail, and hotel activities (25.3%), and mining, manufacturing, and utilities (20.1%). In nominal t ...

Retail in Asia Pacific After the pandemic-induced one-off decline in the Asia Pacific retail industry in 2020, sales have since been increasing at healthy rates in the region. China, as the biggest market, is a major driver of this, but India continues to see above-average growth, with modern retail ...

Asia Pacific: Retail’s New Centre of Gravity Thanks to a rising middle class, rapid urbanisation and a striking increase in internet connectivity, the centre of gravity in the global retail sector is increasingly shifting towards the Asia Pacific region. This briefing will explore how the demographi ...

Russia Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Market Size and Forecast; Spend Analysis by Digital / e-Gift Card, Retail and Corporate Consumers, Top Retailers, Distribution Channel, Occasions, Retail Sectors, Function (Open Loop, Closed Loop), City T ...

Indonesia Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Market Size and Forecast; Spend Analysis by Digital / e-Gift Card, Retail and Corporate Consumers, Top Retailers, Distribution Channel, Occasions, Retail Sectors, Function (Open Loop, Closed Loop), Cit ...

South Korea Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Market Size and Forecast; Spend Analysis by Digital / e-Gift Card, Retail and Corporate Consumers, Top Retailers, Distribution Channel, Occasions, Retail Sectors, Function (Open Loop, Closed Loop), C ...