30/04/2020 Andrew

Market Sector Insights – The Retail Industry – April 2020

Introduction

According to a report by Business Wire, the global retail industry is expected to register a CAGR of 5.3% during the forecast period of 2018-2023, reaching to $31.9 trillion by 2023. The report goes on to add that the retail market is mature and highly competitive in the developed economies of Europe and North America while the developing economies of Asia-Pacific, Middle East, and Latin America have been instrumental in driving the market growth.

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