Comparison of Retail Industry in Australia and China
Verified
Added on 2023/06/04
|8
|670
|313
AI Summary
This presentation compares the retail industry in Australia and China, highlighting the differences and opportunities. It also covers the current retail situation and future trends in both countries.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Retail Management COURSE TUTOR UNIVERSITY DATE
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Introduction This presentation focuses on the retail industry between Australia and China. It aims at determining significant differences that bring about opportunities as well as threats to the respective retail industry. The presentation will also address current retail situation in both countries as well as future trends.
Australia Retail Industry Overview The retail industry in Australia is different from the retail industry in China based on a number of aspects. China has a more robust retail industry as compared to other countries in the Asia Pacific region as well as globally. However, there are a number of reasons that other countries can emulate from The Australian retail industry.
Australia Retail Industry Purchases Consumers in the Australian retail industry are known to purchase items from department and variety stores, Home wares and appliances, groceries and liquor, digital downloads, Fashion among others such as recreational goods and toys.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
China’s Retail Sector Overview A number of factors contribute to the vibrant retail sector in China. Among these factors include strong supporting economy, robust infrastructure, concentration in the urban centers, high internet usage, increase of smartphones, Social commerce, changes in the market place dynamics and internet speeds. As at December 2017, the retails sales on consumer goods exceeded 3,400 billion Yuan which is estimated to be an increase of 9.4 percent from the previous year.
Australian E-commerce Monthly Users Facebook – 17 million YouTube – 15.2 million Instagram – 5 million Snapchat – 4 million daily active users(Snapchat data) LinkedIn – 4 million WhatsApp – 3.1 million Twitter – 3 million
Monthly Growth Rate In China Consumer Goods The retails sales for consumer products in the urban areas represented three quarters of retail sales of consumer goods in the rural although the rural sector had increased by 10.1 percent. Major growth in China’s retail industry is attributed to sales in the catering services which increased by 10.1 percent. The online retail sales increased by a stunning figure of 32.2 percent.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Reference List Bailey, J., Price, R., Pyman, A. and Parker, J., (2015). Union power in retail: Contrasting cases in Australia and New Zealand.New Zealand Journal of Employment Relations, 40(1), p.1. Balaji, M.S. and Roy, S.K., (2017). Value co-creation with Internet of things technology in the retail industry.Journal of Marketing Management, 33(1-2), pp.7-31. Mao, I. and Huang, S., (2016). Mainland Chinese outbound tourism to Australia: Recent progress. InChinese Outbound Tourism 2.0 (pp. 162-178). Apple Academic Press. Mena, C. and Bourlakis, M., (2016). Retail logistics special issue.International Journal of Physical Distribution & Logistics Management, 46(6/7). Ortega, D.L., Hong, S.J., Wang, H.H. and Wu, L., (2016). Emerging markets for imported beef in China: Results from a consumer choice experiment in Beijing.Meat science, 121, pp.317-323. Tian-Foreman, W., (2009). Job satisfaction and turnover in the Chinese retail industry.Chinese Management Studies,3(4), pp.356- 378. Ting, S.Z., (2015). On China clothing retail industry under opportunity and pressure.Special Zone Economy, 6, p.024. Wrigley, N. and Lowe, M., (2014).Reading retail: A geographical perspective on retailing and consumption spaces.Routledge.