Peculiarities and prospects of development of contemporary retailing: the global and Ukrainian realities

Maryna Chorna, Olga Shumilo, Tamila Kushnir and Hanna Zabrodska
Additional contact information
Maryna Chorna: Department of Economics of Catering and Trade Enterprises, Kharkiv State University of Food Technology and Trade, 333, Klochkivska Street, Kharkov, 61051, Ukraine,
Olga Shumilo: Department of Finance and Credit, Kharkiv National University of Construction and Architecture, 40 Sumi Street, Kharkov, 61002, Ukraine,
Tamila Kushnir: Department Food Technology and Trade Enterprise Economics, Kharkiv State University of Food Technology and Trade, 333 Klochkivska Street, Kharkiv, 61051, Ukraine,
Hanna Zabrodska: Department Foreign Trade and Tourism, Kharkiv State University of Food Technology and Trade, 333 Klochkivska Street, Kharkiv, 61051, Ukraine.

International Journal of Economics and Financial Issues, 2018, vol. 8, issue 4, 147-157

Abstract: Researching the current state and possible prospects of development of the trade industry is of considerable importance under contemporary conditions. The article considers the role of retail trade in the national economy of the country. The authors have determined the meaning of retailing and inherent peculiarities of retailers stipulated by the national specificity. Having examined dynamics of development of retailing, the authors reveal a positive tendency and peculiarities of the dynamics. Over the last few years, retail sales of enterprises operating in the retail sector and the amount of retail space have increased. Furthermore, large retailers acquire small stores. The authors have examined the current state and peculiarities of development of retail chains in Ukraine compared with chains of other countries and indicated problems of their development. The authors have analyzed retail sales for the whole country and in the regions of Ukraine as the main indices characterizing development of retailing. The article analyzes the contemporary global tendencies of development of retailing and its specificity in the context of the following tendencies: partnership; acquisition; the merger of offline and online trading; development of innovations and new technologies in retailing; formation of loyalty of customers in Ukraine, as well as all around the world.

Keywords: retailing; trade networks; Ukraine; peculiarities of trade; innovations in retailing; tendencies of development. (search for similar items in EconPapers)
JEL-codes: L10 L81 M30 O30 (search for similar items in EconPapers)
Date: 2018
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econjournals.com/index.php/ijefi/article/download/6682/pdf (application/pdf)
https://www.econjournals.com/index.php/ijefi/article/view/6682/pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2018-04-19

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().