In 2020, global retail sales fell by 2.9 percent as a result of the COVID-19 pandemic, bouncing back in 2021 with a growth of 9.7 percent Global retail sales were projected to amount to around 27.3 trillion U.S. dollars by 2022, up from approximately 23.7 trillion U.S. dollars in 2020.

American retailers worldwide
As a result of globalization and various trade agreements between markets and countries, many retailers are capable of doing business on a global scale. Many of the world’s leading retailers are American companies. Walmart and Amazon are examples of such American retailers. The success of U.S. retailers can also be seen through their performance in online retail.

Retail in the U.S.
The domestic retail market in the United States is a lucrative market, in which many companies compete. Walmart, a retail chain offering low prices and a wide selection of products, is the leading retailer in the United States. Amazon, The Kroger Co., Costco, and Target are a selection of other leading U.S. retailers.

Key information about France Retail Sales Growth

• France Retail Sales grew 1.6 % YoY in Dec 2024, compared with a 1.8 % increase in the previous month.
• France Retail Sales Growth YoY data is updated monthly, available from Jan 1996 to Dec 2024, with an average growth rate of 2.4 %.
• The data reached an all-time high of 43.9 % in Apr 2021 and a record low of -31.5 % in Apr 2020.
• In the latest reports, Car Sales of France recorded 1,929,554.0 units in Dec 2022, representing a drop of 9.9 %.

CEIC calculates monthly Retail Sales: Excl. Motor Vehicles Growth from monthly Retail Trade Index. The National Institute of Statistics and Economic Studies provides Retail Trade Index with base 2021=100. Retail Sales: Excl. Motor Vehicles Growth prior to January 2006 is calculated from Retail Trade Index with base 2010=100.

Home improvement and do-it-yourself stores' compound annual growth rate in the United States for the period between 2023 and 2028 is expected to reach 1.6 percent. Considering that same period, hardware stores in specific are expected to have a compound annual growth rate of 1.3 percent.

In 2024, the total retail sales in China increased by around *** percent compared to the previous year. In 2023, the figure was *** percent.

This statistic gives information on the year-on-year revenue growth of leading e-retail categories in the United States in 2017. During the measured period, online apparel sales grew 12.3 percent compared to the previous year.

Forecasts indicate significant growth in the e-commerce sectors of Asia in 2024. Topping the list are the Philippines and India, poised for a surge of approximately 23 percent and 18 percent in online sales, respectively. Following closely behind, Malaysia secures the third spot with an 17.8 percent growth rate. Meanwhile, Bolivia and Mexico were expected to outpace other nations, with e-retail sales forecast to grow by over 15 percent. A growing global e-retail market Partly fueled by a rapid increase in internet users worldwide over recent years, along with mobility constraints and the shutdown of physical stores during the COVID-19 pandemic, the global e-commerce retail market expanded fourfold from 2014 to 2022. Central to this growth has been the widespread adoption of mobile commerce, which entails online shopping through smartphones, particularly prominent in various regions of the global South. Forecasts suggested that m-commerce sales in Argentina are poised to surge by around 2.4 times between 2022 and 2026. Fast-growing markets fueled by local players While online retail giants Amazon and Alibaba Group wield global dominance in the e-commerce landscape, they do not hold the top positions in many of the fastest-growing e-commerce markets. Based on monthly website traffic, Singaporean e-retailer Shopee is the leading e-commerce site in Singapore by a significant margin. This trend is even more pronounced in Argentina, where Mercado Libre garners nearly 50 times the traffic witnessed on Amazon's Spanish page, amazon.es.

Key information about Georgia Retail Sales Growth

• Georgia Retail Sales grew 1.1 % YoY in Dec 2024, compared with a 6.8 % increase in the previous quarter.
• Georgia Retail Sales Growth YoY data is updated quarterly, available from Mar 2010 to Dec 2024, with an average growth rate of 14.6 %.
• The data reached an all-time high of 109.2 % in Dec 2012 and a record low of -14.5 % in Jun 2020.
• In the latest reports, Car Sales of Georgia recorded 3,400.0 units in Dec 2019, representing a drop of 3.4 %.

CEIC calculates quarterly Retail Sales: Excl. Motor Vehicles Growth from quarterly Retail Trade Turnover. The National Statistics Office of Georgia provides Retail Trade Turnover in local currency. Retail Sales: Excl. Motor Vehicles Growth prior to Q1 2018 is based on NACE Rev. 1.1.

Retail Sales in the United States decreased 0.90 percent in May of 2025 over the previous month. This dataset provides - U.S. December Retail Sales Increased More Than Forecast - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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Mexico Retail Market Size 2024-2028

The mexico retail market size is forecast to increase by USD 78.49 billion, at a CAGR of 4.5% between 2023 and 2028.

The market is witnessing significant growth, driven by the influx of numerous retail stores and innovative packaging and marketing initiatives by prominent companies. This dynamic market environment presents both opportunities and challenges for retailers. On the one hand, the increasing competition necessitates continuous innovation and differentiation to capture consumer attention. Retailers are investing in unique product offerings, enhanced shopping experiences, and creative marketing strategies to stand out from the crowd. Additionally, the adoption of technology, such as mobile payments and e-commerce platforms, is becoming increasingly common, providing new avenues for growth. On the other hand, issues related to logistics and supply chain operations pose significant challenges. Mexico's complex geography and infrastructure can make distribution and delivery difficult and costly, particularly for perishable goods. Retailers must navigate these obstacles to ensure timely and cost-effective delivery, while also maintaining the quality and freshness of their products. In conclusion, the market is characterized by a competitive landscape and a growing consumer base. Retailers seeking to succeed in this market must focus on innovation, differentiation, and effective logistics management to capitalize on opportunities and overcome challenges. By staying agile and responsive to changing market conditions, retailers can thrive in this dynamic and exciting market.

What will be the size of the Mexico Retail Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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In Mexico's retail market, payment systems continue to evolve, with contactless and digital payments gaining traction. Retail infrastructure development remains a priority, shaping store locations and shopping habits. Consumer preferences shift towards convenience and personalized experiences, driving retail innovation and technological disruption. Risk management and retail metrics are crucial for competitive analysis, as market penetration and price elasticity impact sales growth. Emerging technologies, such as augmented reality and artificial intelligence, reshape retail partnerships and product differentiation strategies. Lease agreements and import duties pose challenges for retailers, requiring careful consideration in business decisions. Labor costs, consumer confidence, and the retail workforce are essential retail metrics, impacting brand loyalty and store expansion plans. E-commerce security and data privacy concerns persist, necessitating robust risk management strategies. Supply chain resilience and disaster recovery plans are essential for business continuity in the face of economic factors and population demographics. Crisis management and crisis communication are vital skills for retailers in a volatile market. Private label brands and income distribution patterns influence consumer behavior and economic trends. Retail real estate and population demographics shape store expansion plans, while crisis management and business continuity plans ensure operational resilience.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ProductPFD and AB and TPPersonal and household careAF and AElectrical and electronicsOthersDistribution ChannelOfflineOnlineGeographyNorth AmericaMexico

By Product Insights

The pfd and ab and tp segment is estimated to witness significant growth during the forecast period.

The Mexican retail market is witnessing significant developments in various sectors, including packaged food and drinks, alcoholic beverages, and tobacco products. The upward trend in commodity prices is driving growth in these categories. Consumers' increasing preference for imported goods, particularly processed foods, is expected to result in the highest growth rate during the forecast period. Mini marts are gaining popularity in both big cities and small towns, primarily selling instant food and beverage products. Ready-to-eat food products have seen a surge in sales, leading manufacturers to launch and promote healthier options. In the realm of technology, energy efficiency, fraud prevention, and point-of-sale systems are essential for retailers. Supply chain sustainability and ethical sourcing are becoming crucial factors in consumer decision-making. Social media marketing and digital marketing are essential tools for retailers to engage with customers and build loya

Key information about Germany Retail Sales Growth

• Germany Retail Sales dropped 4.4 % YoY in Apr 2023, compared with a 7.7 % decrease in the previous month.
• Germany Retail Sales Growth YoY data is updated monthly, available from Jan 1995 to Apr 2023, with an average growth rate of 0.5 %.
• The data reached an all-time high of 13.6 % in Jan 2022 and a record low of -7.7 % in Mar 2023.
• In the latest reports, Car Sales of Germany recorded 2,963,748.0 units in Dec 2022, representing a drop of 0.3 %.

CEIC calculates monthly Retail Sales: Excl. Motor Vehicles Growth from monthly Retail Trade Index. Deutsche Bundesbank provides Retail Trade Index with base 2015=100.

The Mexican retail industry is thriving, driven by a growing middle class, increased urbanization, and rising disposable incomes. With a market size of 94.40 million in 2025, the industry is projected to expand at a robust CAGR of 5.00% through 2033. Key drivers include the proliferation of e-commerce, the expansion of modern retail formats, and the growing popularity of private label brands. The industry is segmented into various product categories, including food and beverage, personal and household care, apparel, furniture, electronics, and automotive products. Distribution channels include hypermarkets, supermarkets, convenience stores, department stores, and specialty stores. Leading players in the market include Soriana SA de CV, FEMSA Comercio SA, Coppel SA de CV, El Puerto de Liverpool, Walmart International, and El Palacio de Hierro. The increasing adoption of omnichannel retailing, the rise of social commerce, and the growing emphasis on sustainability are key trends shaping the future of the Mexican retail industry. Recent developments include: March 2023 - Walmart opened 22 new stores across the state of Nuevo Leon as a part of an investment in the region’s infrastructure. Walmart made the decision during its 12th anniversary in Monterrey., January 2023 - Mexican retail conglomerate FEMSA (Fomento Económico Mexicano) launched Andretti Drive, a new app-enabled drive-thru coffee shop concept, in the northeast Mexican state of Nuevo León. FEMSA is the parent company of the OXXO convenience store chain, which has more than 20,000 outlets across Mexico, Chile, Colombia, and Peru. It also operates the Andatti coffee brand across the region.. Key drivers for this market are: Easy Shopping Experience Drives The Market, Greater Inventory Options Drives The Market. Potential restraints include: Easy Shopping Experience Drives The Market, Greater Inventory Options Drives The Market. Notable trends are: Growth of E-commerce Sector Drives the Market.

In October 2024, DIY retail sales growth in the United States was about 7.1 percent higher than it was during the same period of 2023. Retail sales growth fluctuated throughout the year.

Key information about Netherlands Retail Sales Growth

• Netherlands Retail Sales dropped 4.2 % YoY in May 2023, compared with a 7.1 % decrease in the previous month.
• Netherlands Retail Sales Growth YoY data is updated monthly, available from Jan 2001 to May 2023, with an average growth rate of 1.2 %.
• The data reached an all-time high of 13.5 % in Jan 2022 and a record low of -10.5 % in Apr 2012.
• In the latest reports, Car Sales of Netherlands recorded 386,458.0 units in Dec 2022, representing a drop of 4.1 %.

CEIC calculates monthly Retail Sales: Incl. Motor Vehicles Growth from monthly Retail Trade Volume Index. Statistics Netherlands provides Retail Trade Volume Index with base 2015=100. Retail Sales exclude Dispensing Chemists. Retail Sales: Incl. Motor Vehicles Growth prior to January 2006 is calculated from Retail Trade Volume Index with base 2005=100.

Key information about Egypt Retail Sales Growth

• Egypt Retail Sales grew 1.4 % YoY in Jun 2020, compared with a 18.0 % increase in the previous year.
• Egypt Retail Sales Growth YoY data is updated yearly, available from Jun 1996 to Jun 2020, with an average growth rate of 8.2 %.
• The data reached an all-time high of 71.6 % in Jun 2006 and a record low of -38.8 % in Jun 2015.
• In the latest reports, Car Sales of Egypt recorded 175,125.0 units in Dec 2022, representing a drop of 37.0 %.

CEIC calculates annual Retail Sales: Excl. Motor Vehicles Growth from annual Retail Trade. Motor Vehicle Sales are subtracted from Retail Trade. The Central Agency for Public Mobilization and Statistics provides Retail Trade in local currency. Retail Sales cover Public sector only. Retail Sales are in annual frequency, ending in June of each year.

The rapid ascent of e-commerce and omnichannel strategies is reshaping consumer engagement and purchasing patterns, driving a wave of transformation across the retail trade sector. As of 2025, the sector is expected to log $7.4 trillion in revenue, although its growth is anticipated to decelerate slightly to 0.4% in the current year. Gen Z and millennials have championed the digital shopping revolution, pushing retailers to prioritize online sales and customer engagement platforms. However, brick-and-mortar stores retain a pivotal role in supporting ongoing customer engagement alongside the online momentum as retailers blend physical and digital experiences. As automation has augmented efficiency across operations, retailers have also strategically diversified product lines and incorporated sustainability into their brands to meet changing consumer expectations. Over the past five years, the retail sector has seen a compound annual growth rate of 2.2%, which underscores the impact of diversified strategies in maintaining momentum. The adoption of automation has produced mixed results. Self-checkout systems, for example, have reduced payroll expenses for businesses while streamlining the customer experience, though several studies have reported that some customer segments dislike self-checkout due to technological glitches and some retailers have struggled with implementation and reported a rise in theft. Major chains like Target have honed their product diversification strategies, transforming their stores into one-stop shops that blend essential goods with discretionary items and healthcare, driving up revenue in multiple categories. Sustainability is another theme of the current period, with the sector’s commitment marked by increased budgets for eco-friendly practices and a growing market for pre-owned goods. Despite high inflation during the period giving way to high interest rates that stayed stagnant for a year before beginning to fall again in September 2024, retailers managed to navigate the challenges of economic fluctuations and keep consumer interest high through diversification. A projected compound annual growth rate of 0.9% for the next five years would set revenue on a steady path toward an expected $7.7 trillion through the end of 2030. Artificial intelligence is set to further revolutionize retail operations, enhancing stock management, logistics and consumer personalization. Augmented and virtual reality technologies will prove integral to engaging the tech-savvy younger generations by offering novel ways to interact with products before purchase. However, global trade tensions and tariffs could challenge profitability as retailers manage higher import costs. Reverse logistics will thrive as consumers’ eco-consciousness continues to grow, turning returns into revenue opportunities and aligning with trends toward sustainable consumption. The sector’s profit is expected to remain steady over the next five years, bolstered by consumers’ willingness to trade up to items that mix luxury and affordability.

Specialty Retailers Market Outlook

According to our latest research, the global specialty retailers market size stood at $3.21 trillion in 2024, reflecting the sector’s robust presence and diversified reach across consumer segments. The market is projected to expand at a CAGR of 5.4% from 2025 to 2033, reaching an estimated value of $5.14 trillion by 2033. This impressive growth trajectory is primarily fueled by evolving consumer preferences, increasing disposable incomes, and the rapid integration of digital technologies within retail operations. As per our comprehensive analysis, the specialty retailers market is poised for sustained expansion, driven by innovation in product offerings and the seamless blending of physical and digital shopping experiences.

One of the primary growth factors propelling the specialty retailers market is the rising demand for personalized and niche products. Modern consumers are increasingly seeking unique, high-quality items that cater to their specific tastes and lifestyles, prompting specialty retailers to diversify their inventories and focus on curated product assortments. The proliferation of social media and digital marketing has further amplified consumer awareness and accessibility to specialty goods, enabling brands to connect with targeted audiences more effectively. As a result, specialty retailers are leveraging data-driven insights to refine their product strategies, enhance customer engagement, and build brand loyalty, all of which contribute significantly to the market’s upward momentum.

Another key driver is the integration of advanced technologies across retail operations, which has revolutionized the shopping experience for both consumers and retailers. The adoption of artificial intelligence, machine learning, and predictive analytics has allowed specialty retailers to optimize inventory management, streamline supply chains, and deliver personalized recommendations. Additionally, the growth of omnichannel retailing—where online and offline channels are seamlessly integrated—has enabled specialty retailers to provide flexible shopping options, such as buy-online-pickup-in-store (BOPIS) and same-day delivery. These technological advancements not only enhance operational efficiency but also elevate customer satisfaction, reinforcing the specialty retailers market’s growth prospects.

The ongoing shift in consumer behavior toward health, wellness, and sustainability has also played a pivotal role in shaping the specialty retailers market. Consumers are exhibiting a marked preference for eco-friendly, ethically sourced, and health-centric products, prompting retailers to adapt their offerings accordingly. Specialty retailers in segments such as health and personal care, organic food and beverage, and sustainable apparel are witnessing heightened demand as a result. This trend is further bolstered by regulatory initiatives and industry standards promoting responsible business practices, which encourage retailers to adopt transparent supply chains and eco-conscious operations. Collectively, these factors are fostering a dynamic and resilient specialty retail landscape.

From a regional perspective, Asia Pacific continues to emerge as the fastest-growing market for specialty retailers, driven by rapid urbanization, expanding middle-class populations, and increasing digital adoption. North America and Europe maintain substantial market shares, characterized by mature retail infrastructures and high consumer spending. Meanwhile, Latin America and the Middle East & Africa are witnessing steady growth, supported by improving economic conditions and rising investments in retail modernization. Regional disparities in consumer preferences, regulatory frameworks, and technological adoption present both opportunities and challenges for specialty retailers seeking to expand their global footprint.

Product Type Analysis

The specialty retailers market is segmented by product type into apparel and footwear, consumer electronics, home impr

Key information about Latvia Retail Sales Growth

• Latvia Retail Sales grew 2.1 % YoY in Jan 2025, compared with a 2.5 % increase in the previous month.
• Latvia Retail Sales Growth YoY data is updated monthly, available from Jan 2001 to Jan 2025, with an average growth rate of 3.6 %.
• The data reached an all-time high of 24.6 % in Oct 2006 and a record low of -28.3 % in Sep 2009.
• In the latest reports, Car Sales of Latvia recorded 19,488.0 units in Dec 2019, representing a growth of 0.8 %.

CEIC calculates monthly Retail Sales: Excl. Motor Vehicles Growth from monthly Real Retail Trade Turnover Index. The Central Statistical Bureau of Latvia provides Real Retail Trade Turnover Index with base 2021=100.

In 2024, the retail sales of convenience stores in China increased by around 4.7 percent compared to the same period of the previous year. The overall retail sales growth of consumer goods in China stood at 3.5 percent that year.

The Connected Retail market, valued at approximately $XX million in 2025, is poised for significant growth, exhibiting a Compound Annual Growth Rate (CAGR) of 3.23% from 2025 to 2033. This expansion is driven by the increasing adoption of technologies like IoT (Internet of Things), artificial intelligence (AI), and big data analytics to enhance customer experience, optimize inventory management, and improve operational efficiency. Retailers are leveraging connected devices such as smart shelves, RFID tags, and beacons to gain real-time insights into customer behavior, inventory levels, and supply chain performance. The integration of these technologies allows for personalized shopping experiences, targeted promotions, and improved loss prevention measures, ultimately boosting sales and profitability. Key segments driving growth include hardware (point-of-sale systems, digital signage), software (analytics platforms, customer relationship management (CRM) systems), and services (integration, consulting, and maintenance). The adoption of various communication technologies, including Zigbee, NFC, Bluetooth Low Energy, and Wi-Fi, further fuels market expansion. North America is currently the largest regional market, followed by Europe and Asia-Pacific, with the latter expected to witness significant growth in the coming years due to increasing digitalization and rising e-commerce penetration. However, market growth faces some restraints. High initial investment costs associated with implementing connected retail solutions can be a barrier for smaller retailers. Concerns regarding data security and privacy also pose challenges, necessitating robust security measures and transparent data handling practices. Furthermore, the complexity of integrating various technologies and systems within a retailer's existing infrastructure requires significant expertise and careful planning. Despite these challenges, the long-term benefits of enhanced customer experience, optimized operations, and improved profitability are driving sustained investment and adoption of connected retail technologies across various retail segments, ensuring continued market expansion in the forecast period. Companies like Honeywell, IBM, NXP Semiconductors, and Cisco Systems are playing a significant role in shaping this evolving landscape. This comprehensive report provides an in-depth analysis of the rapidly evolving Connected Retail Market, offering invaluable insights for businesses seeking to capitalize on the transformative potential of digital technologies within the retail landscape. We project the market to reach USD XXX million by 2033, showcasing substantial growth opportunities across various segments. The study period covers 2019-2033, with 2025 serving as the base and estimated year. This report leverages data from the historical period (2019-2024) and forecasts market trends until 2033. Key players analyzed include Honeywell International Inc, IBM Corporation, NXP Semiconductors NV, Softweb Solutions Inc, Cisco Systems Inc, Microsoft Corporation, Zebra Technologies Corp, Verizon Enterprise Solutions, SAP SE, and Intel Corporation (list not exhaustive). Key drivers for this market are: , Increased Adoption of IoT Devices. Potential restraints include: , Data Security and Privacy Concerns. Notable trends are: Emergence of IoT in Retail is Expected to Drive the Market.

In 2024, the offline retail sales in South Korea increased by 2 percent compared to the previous year. However, the retail sector of the country saw around 8.2 percent of growth. This was mostly driven by the strong online sales growth.