China, one of the most dynamic retail markets in the world, is ranked as the top country in the 2016 Global Retail Development Index, while India’s high market potential, fast growth, improved regulatory environment, and ease of doing business pulled it up to second in the rankings. Click and see which other emerging markets are atop the list.
According to a report by JLL, borders are becoming less of an issue for retailers pursuing opportunities overseas, and the global retail landscape is shifting fast to accommodate the change. The report examines the presence of 240 international retail brands and 140 international cities, including the drivers of their growth, opportunity and barriers, and also ranks and assesses the vitality and attractiveness of cities.
If you’re a retailer who is expanding globally, with physical stores in different countries, it’s essential to understand the barriers and solutions for international commerce. While a product might be wildly successful in the U.S., it does not mean it will create similar demand in Japan or other countries. Here’s how to maintain your sanity.