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 2nd May 2016

WB: B’desh can create more jobs with apparel exports

Clothing exports could create more and better jobs in Bangladesh if...

Courtesy: Skechers USA Inc

Apparel/Garments | On 2nd May 2016

Govt okays single brand retail for Skechers

Footwear maker Skechers USA Inc. has secured the government's...

Apparel/Garments | On 2nd May 2016

Amazon to invest more in India

Global e-commerce major Amazon plans to boost investment in its...

Interviews View All

Munir Ahmed
M&J Group

How is the market for readymade garments faring in Bangladesh? Is the...

Pinkesh Jain
Everflow Petrofils Ltd

What are the latest technological innovations in the spinning industry?...

Anurag Rajpal
American Swan Brand

How will the Union Budget 2014-15 do good to the Indian textile sector? Is ...

Mr. Utkarsha Parikh
Skaps Industries India Pvt Ltd

Mr. Utkarsha N. Parikh is a 41 year old businessman who started his own...

Mr. Narendra Dalmia
Strata Geosystems (India) Pvt. Ltd.

Mr. Narendra Dalmia has a experience of about 35 years in a wide variety...

Mr. Keith Hayward
Monadnock Nonwovens LLC

Born in England, an honors graduate in Chemistry at the University of York ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
April 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


<%@ language="VBScript" %>
feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search