Aarkstore Enterprise (India / USA), August 7, 2013: – The German Retail Market is expected to have a steady developmental pace between the period 2012 & 2017. According to the Aarkstore new report by consumer specialist, the growth rate is expected to reach 482.7 billion EUR.
The Future of Retailing in Germany.
Online shopping clubs generate mass awareness amongst German consumers
Immense gaining of popularity of online shopping clubs amongst online retailers in Germany has provided a rapid growth as an Online Shopping channel. The online shopping clubs have become extremely useful for consumers with the offering of high fashion brands and designer accessories to their registered members at an affordable price for a limited period. The clubs provide members with updated news on latest trends ultimately leading to instant purchases.
The major difference between general German Online Shoppers & such club members is that the club members closely monitors the ads and showcase a keen desire to impress their peers by purchasing of specific brands. Such trend reports allow retailers to aim at maximization of customer reach through various ads that display better & high quality photographs & product video contents. The display in such formats helps in appealing, impressing and quality conscious club members.
Considering this kind of favorable online market environment, retailers have initiated a test of new markets and equal harmonizing of existing footprints of the store through the launch of online counterparts. This kind of low risk option are preferred and looked upon by the Retailers so that they can venture into growing markets, build brands and also learn about the consumers.
Online shopping clubs has a huge impact on German Sales
Online shopping clubs has impacted and also provided a boost in revenues for various companies operating in German retail sector. The statistics provides us provisioning of healthy market growth of the German Retail Market Growth from 394.4 billion EUR in 2007 to 432.2 billion in 2012 at a CAGR of 1.85%. Canadean expects retail sales to reach 482.7 billion EUR by 2017 thus aiming a CAGR of 2.23% over the next 4 years. The report showcases that the online shopping clubs can provide a major impact on the growth of retailing, demonstrated by the CAGR.
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The Future of Retailing in Germany to 2017 Aarkstore