Tourism Expansion will upsurge Department Stores sales in Europe: Ken Research
Ken research declared the recent publication on “Department Stores Retailing in Europe, 2015-2020,” which offers insights on Europe’s department stores retail landscape including current market sizes, the Europe’s fastest growing markets and category groups. Furthermore, in-depth analysis of the market size and category forecasts for the specific regions and countries, and also features major retailers, key innovative retailers, and department store retail trends. The publication covers 24 largest retail markets in Middle East and Africa and the shrewd analysis of the latest trends, market dynamics covering 10 category groups and key innovations in retail space in major countries across the region. Individual concentrating on the competitive landscape or on the latest trends can drive all such information from this publication.
E-commerce is the fastest growing retail market in Europe and North America. Online sales in the UK, Germany, France, The Netherlands, Sweden, Italy, Poland and Spain grew from 2014 to 2015. Online sales are expected to grow again. As in 2015, the European online market is dominated by the UK, Germany and France which together are responsible for largest share of European sales in these eight countries. Other nations with high market shares are Sweden and The Netherlands. Germany has had the quickest developing on the web area throughout the previous couple of years.
Europe has experienced disinflation
Inflation in Europe was below what was anticipated, at 0.7%, down from the 2.2% of a year prior. Low inflation can either be supply-driven or demand-driven. Supply-driven simply means the costs of production are falling which can lead to more output and employment. Demand-driven is bearish, and it states low incomes are forcing producers to reduce prices or it can be said like, raise prices at a slower pace in order to clear inventory. This leads to less income, and thus unemployment. Based on the high levels of unemployment in many European countries, it’s evident that the low inflation in the Euro zone is demand-driven
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Ankur Gupta, Head Marketing & Communications
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