Connect with us

Markets

Unlocking the Power of Women in Investing

Published

on

Unlocking the Power of Women in Investing

Unlocking the Power of Women in Investing

The financial services industry is undergoing a dramatic shift.

The next generation of investors will be younger and much more diverse, with women taking an increasingly prominent role in building and growing family and personal wealth.

Today’s infographic comes to us from New York Life Investments, and it showcases how this new paradigm will shape the future of products and services on offer in the industry, as well as how wealth managers can cater to these changing needs.

Growing Economic Might

Women are underrepresented in the investing world, but this is changing fast. While various cultural and societal reasons are contributors to this, there is also a more simple driver: rising economic might.

  • Women-controlled wealth in the U.S. will increase from $14 trillion to $22 trillion between 2015-2020
  • Women control 51% of all personal wealth in the United States today
  • Women are set to inherit $28.7 trillion in intergenerational wealth over the next 40 years

Women are becoming more important drivers of income and wealth for their families, as well:

  • Women are now the primary breadwinners in 40% of U.S. households – a 4x increase from 1960.
  • Women own 30% of all private businesses in the U.S.
  • Women now hold the majority of management, professional, and related positions (52%)

Finally, women now make up the majority of recipients of Associate’s degrees (61%), Bachelor’s degrees (57%), Master’s degrees (60%), and Doctoral degrees (52%) in the United States.

The Wealth Management Gap

As women increase raise their level of economic influence to new levels, how will they manage this wealth?

Interestingly, studies show that women think about money and wealth differently than men – and differently from precedents already set in the financial services industry:

The Good NewsThe Bad News
Women are better savers, saving 9.0% of their salary in comparison to men (8.6% of salary)
Women consistently tend to score lower on financial literacy tests
Some research points to women generating better returns (+0.4%) off of investmentsSome research points to women investing up to 40% less than men

Changing Concerns

Data from a recent survey by New York Life Investments sheds light on why women may be underserved by the financial services industry.

Reasons why women switch financial advisors:

  • 33% poor performance
  • 29% lack of personal connection
  • 27% poor customer services

In other words, women don’t switch investment advisors simply because of poor performance – there are other, more complex factors involved. Part of this is likely because 62% of women say they have unique investment needs and challenges:

Perceptions of women and investing:

  • Financial professionals treat women differently – 40%
  • Women feel patronized by financial advisors – 36%
  • Financial advisors are less likely to listen to investing ideas from a woman – 30%
  • Financial advisors push women out of financial conversations – 28%
  • Women have less access to financial education – 26%
  • Financial professionals find it hard to relate to women – 26%
  • Financial advising is a man’s world – 24%

A Deeper Dive

It is crucial for advisors to understand that women are not one large, homogeneous group.

In fact, research shows that there are four unique segments of women that each approach investing differently – and they all have different sets of needs.

Stay tuned for Part 2 of this infographic series, which will detail the differences between these segments.

Click for Comments

Markets

Which Retailers Operate in the Most Countries?

From fast-fashion giant H&M to Apple, we show the top retailers globally with the largest international presence.

Published

on

This treemap shows the top retailers operating in the most countries in 2023.

The Top Retailers Operating in the Most Countries

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Today, international expansion is a key growth strategy for the world’s top retailers as companies target untapped markets with the highest potential to drive revenue and profit streams.

While traditional retailers have sought out digital strategies as the industry evolves and consumer behaviors change, physical storefronts continue to be a dominant driver of retail sales. In 2023, brick-and-mortar sales comprised 81% of retail sales globally.

This graphic shows the top retailers operating in the most markets worldwide, based on data from the National Retail Federation.

Global Retailers With the Largest International Footprint

Here are the global retailers with the widest-reaching presence around the world in 2023:

RankingRetailerNumber of Countries of First-Party OperationHeadquarters
1H&M68🇸🇪 Sweden
2IKEA51🇳🇱 Netherlands
3Inditex45🇪🇸 Spain
4Decathlon34🇫🇷 France
5Carrefour32🇫🇷 France
6Sephora (LVMH)31🇫🇷 France
7Schwarz Group30🇩🇪 Germany
8Fast Retailing27🇯🇵 Japan
9Euronics International25🇳🇱 Netherlands
10Apple25🇺🇸 U.S.

Notably, eight of the top 10 companies with the widest market reach hail from Europe.

Fast-fashion giant H&M ranks first overall, with 4,454 stores across 68 countries last year. In 2023, the Swedish company earned $21.6 billion in revenues, with its largest markets by number of store locations being the U.S., Germany, and the UK. This year, it plans to open 100 new stores in growth markets, along with shutting down 160 stores in established locations, ultimately decreasing its global store count.

In second is IKEA, with a presence in 51 countries. Last year, the company expanded its footprint in India, launching its first store in the tech hub, Hyderabad. While the company has a broad international reach, its number of storefronts is a fraction of H&M, at 477 total stores worldwide.

Looking beyond the continent, Japan’s Fast Retailing is the top retailer in Asia, operating in 27 countries globally. As the parent company to fashion brand Uniqlo, it also stands as the seventh most valuable listed firm by market capitalization in the country.

Additionally, Apple is the sole American company to make this list, with storefronts in 25 countries. Overall, the company operates four types of retail stores: regular, AppleStore+, flagships, and flagship+. Regular stores often earn $40 million annually, while flagship+ stores typically earn more than $100 million.

By 2027, the company plans to build or remodel 53 stores globally, with the majority located in the U.S. and China.

Continue Reading
Visualizing Asia's Water Dilemma

Subscribe

Popular