The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.Learn More
Our newly released data on the global retailing industry shows a steady growth of 5.3% in 2014 due to improved performance in Western Europe.
“Western Europe registered its biggest increase since 2008 while Eastern Europe experienced its biggest slowdown with 6% growth due to the conflict in Ukraine and economic sanctions on Russia,” said Daniel Latev, Head of Retailing at Euromonitor International.
Key findings from our new research shows:
Online retailing is set to generate a third of all new retail sales, driven by strong growth in both emerging and developed markets. Mobile internet retailing will account for 32% of internet retailing sales compared to 18% in 2014. Euromonitor International forecasts internet retailing to increase by 15% CAGR to reach US$1.7tn by 2019, making multichannel operations key for all retailers looking for growth.