E-COMMERCE MARKET IN SOUTH KOREA TO SURPASES US $242 BILLION IN 2025
E-COMMERCE MARKET IN SOUTH KOREA TO SURPASES US $242 BILLION IN 2025 - South Korea’s e-commerce market ranks among the most developed in the world and has been on a sustained growth for the past few years. Supported by the country’s robust technology infrastructure, which ensures the availability of high-speed Internet as well as a significant number of tech-savvy customers, the trend is forecast to continue over the next few years to reach KRW263.5 trillion (US$242.2bn) in 2025, says GlobalData, a leading data and analytics company. Accordi…
GLOBAL SNEAKERS MARKET TO GROW BY 30% AND HIT $102.8B VALUE BY 2025
GLOBAL SNEAKERS MARKET TO GROW BY 30% AND HIT $102.8B VALUE BY 2025 - The COVID-19 has had a huge impact on the sneakers market, causing supply chain disruptions, closing retail stores, and cutting down revenues. Although all major sports brands managed to recover and boost their sales online, this year's revenues are still expected to remain below pre-COVID-19 levels. According to data presented by BuyShares.co.uk , the revenues of the global sneakers market are set to reach $66.3bn in 2021, compared to $69.6bn in 2019. However, the en…
MARKETING PUSH WILL HELP AUSTRALIAN DOMESTIC TOURISM REACH RECORD HIGHS BY 2025
MARKETING PUSH WILL HELP AUSTRALIAN DOMESTIC TOURISM REACH RECORD HIGHS BY 2025 - Strongly supported by Tourism Australia’s domestic campaign, leading data and analytics company GlobalData forecasts a record number of domestic trips in the country by 2025: double that seen in 2020 and representing a 14% growth on pre-pandemic levels. Broadcasting the phrase ‘holiday here, this year’ over social media channels, radio and outdoor advertising has paid off, and, although the country will not see pre-pandemic levels for inbound trips until 2024, …
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