As leaders of all industries know, some years are much better than others in terms of revenue and consumer relationships. For instance, between 2008 and 2010, very few companies performed well because of the economic turmoil of the Great Recession.
However, 2011 and 2012 were largely good for the revenue of various businesses. According to a report from Deloitte, the sales of the largest 250 retailers across the globe totaled $4 trillion for the fiscal year that ended in June 2012.
Walmart? alone made up 10 percent of the total revenue, the study revealed. Moreover, a lot of the success of American companies was because of international expansion into emerging markets.
“The growth in large emerging markets such as China is projected to add at least 70 million new consumers to the global middle class per year, which is an additional 500 million new middle-class consumers ?by 2020,” Deloitte global retail lead Vicky Eng explained.
Last year was also the time when multiple merchants delved into new payment processing methods. Offering patrons things like online credit card terminals was popular in 2012, as ecommerce soared. Many consumers now opt to buy things online, using various devices to browse inventory that might not be readily available in stores.Back To Blog