Global retail sales are projected to north of 30 trillion U.S. dollars in the early years of the new decade, and aggregate retail revenue for the Top 250 companies alone already amounts to more than15% of that. Even though majority of the Top 10 global retailers are based in the US, Europe has the highest number of large retailers; with 88 giant companies in the region, globally focused with operations in 10+ countries on average. European retailers remain the most globally active as they continue to search for growth outside their mature home markets.
With consumers growing interests in health, wellbeing and increased participation in fitness activities, the global sports apparel retail sector has simultaneously grown to around 181 billion U.S. dollars in revenue in 2019. There is also a greater demand for clothes that are both stylish and comfortable, and as the Athleisure trend set to surpass formal fashion, sports apparel brands are forecast to reach around 208 billion U.S. dollars in 2025.
Within the retail space, E-commerce is driving high retail revenue growth as the value of transactions made by mobile payments continues to grow exponentially. While some brands and retailers are looking to build their own apps to enable customers to pay directly on their online platforms, E-commerce companies such as Zalando and Amazon are experimenting with physical store space that offer a 360-degree shopping experience.
Our clients have the ambition to dominate the market segment in which they compete, and we have the experience in this industry to provide them with star retail veterans that specialize in defining luxury digital retail and redefining traditional retail solutions. From the board level of classical retail multi-channel chains, to movers and shakers at internet businesses omni-channel operations, we are qualified in the field of retail to deliver industry experts with proven success, tailored to the market your business is grappling with.
What we do
With the magnitude of change in this industry comes growing pains, but also incredible opportunity for visionaries. We are seeing that the winning global formula requires holistic “real” shopping and entertainment “theme-parks” addressing consumers’ needs in one space. At the same time, global developers and retailers are competing to create unique, innovative spaces offering art, technology, entertainment, theater, luxury, and the most “edgy” fashion & style, food, and hospitality.
Retail executives need to be creative, innovative, and able to anticipate and execute the next moves. At August Leadership, we help our clients identify and develop executives who can deliver in fast-changing, uncertain market conditions.
• Digital Retail