R&C; Outlook: Retail

Food and general retail

  • Over the next five years Asia and Australasia will deliver the strongest retail volume growth of any region, averaging 4.6% annually.

Fashion and apparel

  • The Asian clothing and apparel sector is expected to grow rapidly over the next five years. Annual average expenditure growth on clothing and footwear, at 9.5%, will comfortably outstrip that of any other region as rising incomes lead more Asian households towards discretionary purchases.

Online retailing

  • Asian markets, especially China, are driving growth in e-commerce globally. They are also well primed for sales made using mobile devices (m-commerce) and social media (s-commerce).

Michael Cheng
Asia Pacific and China/
Hong Kong Retail &
Consumer Leader

Tel: +[852] 2289 1033