渠道层面盒马在开业之初就有比较完整的顶层设计，可以说引领着线上线下融吅的创新型生鲜赸市的创新，从近期抦露数据来看，成熟门店日销售额达到80万，坪效5万以上，线上占比60%以上，可以说单店模型已经基本跑通，后面的主要工作就是快速扩张和尝试其他类型门店从广度和深度上迕行补充。

Farfetch是一家享誉全球的奢侈品时尚电商平台。由José Neves于2008年创办，总部位于伦敦。公司以实体买手店为基础，逐步引进品牌商零售。平台集聚了超过3200个国际品牌和设计师品牌，涵盖女装、男装、童装、复古、高端珠宝腕表等多个品类，共计33.5万件单品。Farfetch的快捷配送服务通达190多个国家,其中在中国已送达465

个城市，让时尚爱好者尽享“一站式”购遍全球时尚精品的高端体验。

Gabon's consumer-facing sector will continue to be largely made up of informal street vendors and independent stores for the foreseeable future. The country's small population and low median income mean that few international retailers have expanded into the country, and those that are present are almost exclusively French, an indication of the countries' historical ties. Modern retail formats are present in the major urban areas of Libreville and Port-Gentil, but here, the organised sector remains small.

本报告中，我们对中国调味品行业的两大领军公司海天味业和中炬高新进行了直接比较，涉及公司历史、产品线、经销网络以及品牌战略和管理水平。为了评估中国市场潜力，我们将海天和中炬与全球同业进行了比较分析，并针对日本家喻户晓的调味品品牌“万字”作出了案例研究。

20 世纪 70 年代随美国肥胖人群比例大幅提升，居民对于有机和健康食品需求迎来爆发式增长，顺应趋势全食超市于 1987 年建立，历经约 40 年发展，从奥斯汀一家小型的经营有机生鲜的超市成长为北美最大的有机生鲜连锁集团。公司主打天然和有机食品，生鲜与熟食占比超过 65%，主要服务于高端客群，截至 2017 财年公司实现营收规模 160 亿美元，门店数量达 456 家，公司经营门店平均单店面积 3800 平米，单店年营收约 3500 万美元，坪效约为 9200 美元/平米，毛利率约为 35%，净利率中枢约为 3.5%,单店净利润中枢约为 70 万美元。

18 年1-8 月，社会消费品零售累积总额为24.23 万亿元，同比增长9.3%；其中，限额以上单位消费品零售额92368 亿元，同比增长7.1%。8 月当月，社零数据同比增长9.0%，环比上升0.2pct。必选消费中，食品粮油/服装鞋帽/日用品同比增速分别为10.10%/7.00%/15.80%；增速环比+0.6/-1.7pct/+4.5pct；可选消费表现回升， 其中化妆品类/ 金银珠宝类/ 家电和音像类同比增幅分别为7.80%/14.10%/4.80%；同比增速较2018 年7 月环比0.0pct/+5.9pct/+4.2pct。

The retail sector has been one of the driving forces of the Indian economy, expanding its value added at a CAGR of 11% over FY2013-2017, driven by positive demographic trends, ongoing urbanisation and an increasing middle class population, rapidly adopting a consumerist lifestyle. In FY2017, the trade sector accounted for 9.5% of the country’s GDP, 5.4% of total FDI and around 8% of national employment. However, organised trade remains at a nascent stage of development, which, given expectations for a robust increase in consumer spending, anticipates a huge growth trajectory facing the retail market. Indeed, it is set to nearly double to USD 1.1tn by FY2020, up from USD 672bn in FY2016, according to India Brand Equity Foundation (IBEF) projections. In 2017, A.T. Kearney ranked India as the world’s most attractive developing country for retail investment, based on its impressive market size, low saturation levels and moderate economic and political risks.