Breaking News

Future Shifts in Retailing

By Ally Dai, Happi China | January 29, 2013

According to Euromonitor, the overall upbeat economic outlook in China is expected to underpin the dynamic constant value CAGR of 9.3% predicted in retailing from 2011 to 2016. Primarily due to supporting policy from the central government to further improve the internet infrastructure, average Chinese households are more likely to have access to faster and less expensive internet services. As such, Euromonitor expects internet retailing in China to record 29% constant value CAGR during the forecast period. For online cosmetics consuming, iResearch expects it will soon account for 10% of total amount spent on cosmetic products by Chinese consumers, and online cosmetics sales will exceed 120 billion RMB by 2015.

As the competition mounts, China online cosmetics retailing market will enter a period of consolidation. With 25% of China’s population becoming online mobile phone users in 2011, e-commerce can be explored in many ways such as M-commerce, SNS, Weibo, and group buying, all of which are expected to reshape online retailing in the future. However, both brand owners and retailers must be aware of the key factors changing consumer behavior such as inflation worries, an aging population, social strains and economic changes.
Ally Dai
Happi China
Website: www.industrysourcing.com

Ally Dai is Deputy Editor-in-Chief of Ringier Trade Media Ltd, responsible for trade publications including Happi China. She has more than 10 years of experience in the cosmetic and food industries. Happi China is a leading media for the China household & personal care industry. Published by Ringier Trade Media in strategic editorial partnership with Happi, it helps local manufacturers update their knowledge on formulating, testing and packaging, as well as providing market insight.
blog comments powered by Disqus
  • What's Next for the UK?

    Sarah Boumphrey, Euromonitor International||June 24, 2016
    Euromonitor weighs in on the implications for consumer product companies.

  • Henkel Grabs the Sun

    Henkel Grabs the Sun

    Ian Bell, Euromonitor International||June 24, 2016
    Euromonitor's Ian Bell on the impact the purchase will have on the US detergent industry.

  • To The Max

    To The Max

    Melissa Meisel, Associate Editor||June 20, 2016
    Velvet 59 is on the rise at locations like Ricky’s NYC.

  • Take Notice

    Take Notice

    Melissa Meisel , Associate Editor||June 1, 2016
    Packaging trends revolve around trendy artwork, eco-conscious materials—and portability is a plus too!

  • Virtual Reality

    Virtual Reality

    Christine Esposito, Associate Editor||June 1, 2016
    An update on nature-identical ingredients for cosmetics and personal care products.

  • Shiseido Advances in the US

    Shiseido Advances in the US

    Tom Branna, Editorial Director||June 1, 2016
    New facility in Windsor, NJ demonstrates its dedication to the US and other markets outside Japan.