Retail

[New] CARE expects the retail industry to register a growth rate of about 12-14 per cent over the next three years and reach about USD 1,150 billion by 2021.
[New] The grocery retail market in MENA was forecasted to grow 9.5% this year, to reach USD 426.5 billion.
[New] M-commerce will rise in the coming years as e-commerce grows to become a larger portion of total U.S. retail sales.
[New] Where in Transport and Logistics, the AI market is forecast to grow from US$ 3.2 billion in 2019 to US$ 9.2 billion in 2023 at a CAGR of 23.2%, in Retail, the market is projected to reach from US$ 2.9 billion in 2019 to US$ 10.5 billion in 2023 at 29.1% growth rate.
Retail sales via China's live streaming platforms will reach about 916 billion yuan (US$ 130 billion) this year, accounting for 8.7% of online retail sales.
Credit agency Moody's is expecting the default rate for retail and apparel companies to surge between now and next year, from a pre-Coronavirus estimate of 6% to 17.2%.
After a bruising year, US department stores and apparel retailers will seek to bounce back in 2020 by closing more locations, shrinking their shops and adding more experiences to attract customers - like old-fashioned tailoring and trendy in-store cafes.
The global AI in retail and e-commerce market is expected to grow worth of US$ +20 Billion and at a CAGR of +43% over the forecast period 2020-2025.
The total U.S. retail sales of pet products and services will decline by 17% in 2020, compared with the 5% growth anticipated prior to the coronavirus pandemic.
The COVID-19 lockdown and the disruption to retail is expected to wipe off ¥3.0 trillion (US$420bn) from China's retail market in 2020, causing a 1.8% fall in retailer sales in 2020 over 2019.
Forrester forecasts that the number of online buyers in India will grow at a compound annual rate of 17% from 2018 to 2023 - the fastest-growing online retail market.
Online grocery sales would reach $100 billion and make up as much as 20% of total grocery retail by 2025.
The health of the UK retail industry hit a record low in the first quarter due to the coronavirus pandemic, dashing all hopes previously held for recovery in the year ahead.
Despite the boom in e-commerce sales, brick-and-mortar retailers are still expected to account for 85% of U.S. retail sales by 2025.
Plant-based meat could be a $140 billion business by the end of this decade, and the retail nutrition and wellness market could grow to $50 billion by 2025.
Global eCommerce sales are set to soar to 22% of all retail sales in 2023, up from 14% in 2019 - making the global eCommerce market worth more than $6.5 trillion.
Subscription retail generated remarkable growth during the past decade, booming by 100% year-over-year for the five years prior to 2018: By 2023, 75% of DTC companies will offer a subscription option.
Total U.S. retail sales of pet products and services will decline by 17% in 2020, compared with the 5% growth anticipated prior to the coronavirus pandemic.
In the US, resale has grown 21 times faster than the retail apparel market over the past three years, reaching a value of $24bn today, which is projected to increase to $51bn by 2023.
UK retail, leisure and hospitality businesses with a rateable value of less than £500,000 will not have to pay any business rates in the 2020-21 financial year.
Magna expects the impact on revenues to be severe for the hospitality sector, moderate for retail and automotive, mild for consumer goods and potentially positive for ecommerce and SVOD.
China's retail sales of gold, silver and jewelry plunged 41% in the first two months of the year: The amount of gold jewelry sold in the first quarter will have fallen by at least half, setting up a significant decline for the whole year.

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Last updated: 21 May 2020