In an age of modernization, the shopping
experience also needs to be easy, convenient and not too expensive.
Hypermarkets and Super Centers are a suitable option for the 21st
century, as they are expansive retail facilities carrying a wide range of
products and services under a single roof. Some hypermarkets might also have a
small restaurant, play area for kids and a spa. Thus Hypermarkets and Super
Centers aim to help satisfy the customer’s entire shopping list in just one
trip.
Increasing competition among rival companies
and rapidly changing customer preferences have posed new challenges for members
of the Hypermarket and Super Center industry. Today’s customers have less time,
but more intelligence and awareness, than ever before. Consolidation in the
market space is also an issue, especially for the large store owners. In such
times, only those Hypermarkets and Super Centers can succeed which know how to
reinvent themselves, and adapt according to the changing demand scenarios. Each
share holder and store owner in the Hypermarket and Super Center industry needs
to search for his own winning formula. Advantage must be taken of new
innovations and advancements in technology. Efforts should be made to improve
the overall customer shopping experience and to create the perception of value
in the customer’s mind. The availability of product options is also important,
as customers today are more into organic and healthy food, and environmental
friendly packaging. The biggest threat for the Hypermarket and Super Centers
industry comes from online shopping, as it saves more time than ever. Just
click on it, and the shopping lands right at your doorstep. One way for
Hypermarkets and Super Centers to go around this is to offer free home delivery
programs. Please visit Bidnessetc.com, the best financial news platform, for
details and updates.
The Hypermarkets and Super Centers industry has
proved hugely successful in a short period of time, as the concept is not very
old. The global Hypermarket and Super Centers sector had total revenues of
1,809.0 billion dollars in 2011, representing a compound annual growth rate of
6.0% since 2007. However, the performance of the market is forecast to decelerate,
with an anticipated growth rate of 4.0% up to the year 2016. The market value
of the Hypermarket and Super Center industry is expected to reach 2,197.5
billion dollars by 2016. There are several major players of this industry. An
example is that of Carrefour, one of the largest hypermarket chains in the
world, with more than 1,452 stores around the globe. Wal-Mart and Tesco are
also popular giants of the Hypermarket and Super Center industry. Wal-Mart has over 11,000
stores in 27 countries, with over 55 different names. There is a lot of room
for improvement in this industry, and advancements in technology can help the
Hypermarkets and Super Centers of the future to become phenomenal. For more
information, and advice about the best Hypermarket and Super Center options
available, don’t forget to visit Bidnessetc.com.
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