Overview
Global retail sales, including online sales, are expected to continue to grow in 2018, reaching just over USD 28 trillion compared to around USD 26.8 trillion in 2017.
To cope with these challenges, traditional players are being forced to rethink their strategies, including greater segmentation of supply and a move towards concept stores to maximise the customer experience over. Another underlying trend is the convergence (partly through buy-back operations) of online retailers and traditional sales groups.
Coface Credit Insurance protects your business from bad debt. Only recently two big name businesses, Toys R Us and Maplin Electronics, went into administration on the same day, proving that having the right information and protection has never been more vital. Now more than ever, the future of your business is at stake.
Strengths and Weaknesses
Our analysts understand the markets you work in and have identified key strengths and weaknesses across the retail sector. We have already seen how the market has seen sustained growth since 2010, with urbanisation in Asia and Africa driving the sector.
Alternatively as there is now greater competition and online shopping is still increasing we are working across the industry to understand the challenges and opportunities.
Alternatively as there is now greater competition and online shopping is still increasing we are working across the industry to understand the challenges and opportunities.
Why Coface?
For a more detail insight into the retail sector download the full sector report or contact us for more information about how Coface can help your business.
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