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The Expansion of Retailers in Asia Pacific

The Expansion of Retailers in Asia Pacific The Asia Pacific region now accounts for 54% of the global population 40 million additional people each year are living in cities across Asia Pacfic By 2020, Asia Pacific will generate 40% of the world's GDP and account for nearly half of the world's middle class Luxury and mid-level retailers from around the world are flocking to the region to take advantage of this rising wealth Where do retailers go? 1) Greater China 2) North Asia 3) Southeast Asia 4) Australia / New Zealand 5) India Where are these retailers coming from? France UK MONT BOSS BLANC HUGO BOSS Germany Hong Kong GIORDANO USA TOMMY crocs - Italy GUCI Spain ZARA • Luxury • Mid-tier Switzerland Swatcha Luxury Highlights 80% COACH Louis Vuitton, Guci & Cartier - present in over 80% of the Top 30 cities in Asia Pacific 3 of 5 top cities globally for millionaires are in Asia Pacific: Tokyo, Singapore & Hong Kong Affordable luxurious brands such as Coach, Kate Spade and Michael Kors are still expanding in the region Mid-tier Highlights UNI QLO AMERICAN EAGLE OUTFITTERS Asian mid-tier retailers such as Uniqlo are growing their presence in Asia Pacific Middle class population Mid-tier retailers that are projected to reach 1.32 billion by 2020 expanding in the region include: American Eagle, H&M & Old Navy Which cities are international brands targeting? TOP 5 CITIES Hong Kong Shanghai Singapore Strong tourism sector and entry point into China Economic centre of China Strategic location in Southeast Asia & strong domestic purchasing power & deep consumer base Beijing Tokyo Large and growing consumer market Large high-income population & mature retail market Why are retailers setting up in the Asia Pacific region? 36% of World Economy 32.7% of world's middle class population 40% of World Economy by 2020 45.7% of world's middle class population by 2020 Asia Pacific represents 36% of the world's economy and is set to rise to 40% by 2020 Asia Pacific middle class population (690 million) to nearly double by 2020 (1.32 billion) Tourism: AP saw 248 million international tourists in 2013, nearly 25% of the world's total The China Impact Rising influence of Chinese tourist across Asia Pacific China is the world's largest China is the world's Hong Kong the top Chinese are the top tourism source for international highest spender on destination, with Mainland spenders in Australia (AUD 4.8 billion in 2013) and Singapore (SGD 3 billion) Chinese tourists spending visitors - 97 million in 2013 (Source: UN World Tourism Organization) tourism abroad $129 billion an estimated USD in 2013 22 billion in 2013 Brought to you by: To find out more about retail expansion and the market in Asia Pacific, check out JLL's latest report. OJLL

The Expansion of Retailers in Asia Pacific

shared by atacet on Mar 03
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This infographic illustrates the countries in Asia Pacific where global retailers have chosen to expand to and the reasons behind their decisions to do so.

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