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The retail industry market is witnessing significant growth, fueled by increased customer spending in emerging economies, the rise of online shopping trends, especially during the coronavirus pandemic, and the growing penetration of smartphones globally.
The world’s leading retail markets. The United States is home to the top three retail companies of the world, namely Walmart, Amazon, and Costco. In 2023, the total retail market of the...
Our 2024 retail industry outlook explores the biggest retail market trends and steps companies can take to improve retail loyalty.
- lskelly@deloitte.com
- Key Takeaways
- Retail Market Trends and Developments
- Market Segmentation
- Competitive Landscape
- Key Highlights of The Report
China, the US, and India are the largest markets for retail, buoyed by the rising spending power.Retailers are leveraging advanced technologies to offer seamless experience to customers across both online and offline channels.The increasing usage of digital tools to improve customer experience and enhance operational efficiency is aiding the market.Evolving customer sentiments, omnichannel retail, and technological advancements are the major trends impacting the retail market growth Oct 18th, 2023 Amazon announced its plans to launch online shopping services in South Africa to support independent retailers to launch, scale, and grow their businesses. Aug 16th, 2023 Gucci announced a digital p...
“Retail Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments: Market Breakup by Product 1. Food, Beverage, and Grocery 1. Personal and Household Care 1. Apparel, Footwear, and Accessories 1. Furniture and Home Décor 1. Toys, Hobby, and Household Appliances 1. Industrial and Automotive 1. Ele...
The market players are increasing their collaboration efforts and are leveraging advanced technologies, including AI and AR, to gain a competitive edge in the market. Walmart, Inc. Walmart, headquartered in Arkansas, the United States, is an omnichannel retailer that supports customers to save money and live a better life. With an employee of 2.1 m...
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
Our Global Retail Outlook 2024 deep dives into the priorities, systemic challenges and opportunities that will define the retail industry in the year ahead.
- Evan Sheehan
The Brazil retail market size was valued at USD 219.24 billion in 2023. The market is further projected to grow at a CAGR of 5.4% between 2024 and 2032, reaching a value of USD 351.27 billion by 2032.
The figures are daunting: 70% of executives say labor shortages— especially in hourly wage jobs—will hamper retail growth in 2022. Currently, the biggest pain point for retailers is at the store level, and 74% expect shortages in customer-facing positions in 2022.
