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 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Textiles | On 5th Dec 2016

Pakistan’s 2016-17 cotton output surpasses last season

Cotton output in Pakistan during 2016-17 season has already surpassed ...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Kevin Nelson
TissueGen

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Karan Arora
Karan Arora

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search