Home / Knowledge / News / Apparel/Garments / Demographics shape retail & e-commerce trends
Demographics shape retail & e-commerce trends
25
Mar '14
While a large youthful population lends itself well to the on-going e-commerce trends, the very real issue of an aging population shapes traditional retail offerings. This translates to a long trajectory of growth for e-commerce to become an essential retail platform across the customers of all ages. 
 
The fact remains that the current aging population’s lack of technological skills and comfort in using electronic devices prove to be a barrier to their usage of e-commerce services. In addition the demands of the current aging population are different from those of the youths, the elderly today are bigger consumers of services compared to that of goods. 
 
Dr Ira, Chief Economist at Deloitte, said: “Although it makes for elderly people to enjoy the convenience offered by e-commerce, their current generation is simply not ready. They lack the technological skills. However the next generation or so, will be far more savvy and fuel the growth and usage of e-commerce into their old age.”
 
Countries such as Japan, which have a very large aging population, are already rolling out retail offering tailored to the demands of the elderly. Shopping malls have recalibrated their facilities to fit the sensibilities and expanded retail services. For example, some malls have slowed the speed of escalators, have restaurant with specialised organic and fortified ingredients as well as pharmacies offering additional services like blood pressure and diabetics checks.
 
Providing into this phenomena, Jerry Black, Senior Executive VP & Chief Strategy Officer of Aeon said: “For retailers to remain competitive and relevant, it is vital to have the flexibility to adapt to the evolving needs of customers across age groups. For a country like Japan, while there is a large aging population, retailers cannot ignore the needs of the youth.”
 
An empowered youthful population is a key driver for growth of a country’s retail industry. Furthermore a population with a large group of working females experiences more robust growth as empowered not only make retail decisions for the households but also for themselves. 

World Retail Congress


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search