The World Shopper Report | Property Georgia

The World Shopper Report

Shopping, in its many forms, is an almost universal feature of life on earth. Across the world, people need to source the necessities, and luxuries, of life. In this globalised age, it can be natural to think that shopping is becoming an increasingly homogenised process. However, according to The World Shopper - launched this week at MAPIC 2016 - the ways in which people shop and pay for their shopping remains very diverse and often surprising.   A taster of what’s in store in Colliers’ The World Shopper:

  • An increasingly aging society means retailers have to refocus on marketing to an older generation if they want to tap into to the 1.5 billion Over 65’s that there will be by 2050.
  • 45% of online shoppers will buy from other countries by 2020.
  • The fast rise in the popularity of online shopping has driven the share of e-commerce in total retail to nearly 7% and with it, the fast development of alternative payment methods.
  • The value of cross-border sales is expected to increase to US$1 trillion by 2020.
  • Meanwhile in China, shoppers are spending more than double that of their US counterparts when it comes to international tourism spending, at US$292bn in total. Based on their current growth path, it won't be long before Chinese visitors to Europe outnumber Americans.

To gain a better understanding of how shoppers actually behave country by country and see analysis of shopping and payment habits across a number of key international locations read the full report you can download it here.

 

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