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.

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.

This timeline shows the year-on-year e-commerce sales growth rates in Brazil from 2018 to 2025. It is forecast that e-commerce retail sales in Brazil will increase by approximately 18 percent in 2021 compared to the previous year.

Retail Sales in China increased 6.40 percent in May of 2025 over the same month in the previous year. This dataset provides - China Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news.

US Tariff Impact on Market

The U.S. tariffs on imported digital receipt software and hardware have impacted the digital receipts in retail market, especially in the software segment, where many leading companies are based overseas. The tariffs have increased production costs, which could lead to higher prices for digital receipt solutions, especially for small retailers who may struggle with the added expenses.

U.S. companies in this sector have been forced to explore alternative suppliers or local manufacturing options to mitigate these tariff impacts. However, the increasing demand for digital receipts, driven by consumer preferences for e-receipts and personalized engagement, is expected to offset the negative impacts of tariffs in the long run.

The U.S. market, valued at USD 286.8 million in 2024, continues to show strong growth despite these challenges, with a CAGR of 4%. The U.S. tariff impact is felt most strongly in the software segment, where approximately 25-30% of the market depends on imported components.

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US Tariff Impact Percentage for Impacted Sector

The U.S. tariffs have impacted approximately 25-30% of the digital receipt software market, which relies heavily on imported components, particularly from Asia and Europe.

Sources for US Tariff Impact Data

• Tariffs on Software and Hardware: U.S. tariffs raise costs for imported digital receipt software and hardware
• Impact on Retail Software Solutions: Retail software providers face rising costs due to tariffs.
• Shifting Supply Chains: U.S. companies exploring alternative suppliers due to tariff pressures.

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Economic Impact

• U.S. tariffs on software and hardware imports have led to increased costs, affecting both producers and consumers.
• Retailers using digital receipt software may face higher service fees, impacting their bottom lines.
• The increased production costs could slow the adoption of digital receipts, particularly in small businesses.

Geographical Impact

• North America, especially the U.S., faces price hikes due to tariffs on imported components.
• Asia-Pacific regions, being key suppliers of digital receipt technology, face minimal tariff impact.
• Europe experiences moderate impacts due to its position as both a consumer and supplier region.

Business Impact

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During the observed period, the retail sales growth value of various products and services fluctuated. While in 2020, eating out, fashion and recreational services hit an all-time low, by 2025 the growth value of all categories reached positive percentages. Electrical products reached five percent sales growth, while fashion, furniture and recreational goods all reached 3.7 percent.

According to Cognitive Market Research, the global retail sector market size will be USD 29584.5 million in 2024. It will rise at a compound annual growth rate (CAGR) of 5.9% between 2024 and 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 11833.8 million in 2024 and will climb at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 8875.4 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 6804.4 million in 2024 and will climb at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1479.2 million in 2024 and will climb at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
Middle East & Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 591.7 million in 2024 and will climb at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
The independent retailer segment is the fastest-growing ownership category of the retail sector industry.

Market Dynamics of Retail Sector Market

Key Drivers for Retail Sector Market

Increased Focus on Personalized User Experience to Facilitate Market Growth

The rapid growth of e-commerce has transformed the retail landscape. Consumers increasingly prefer the convenience of online shopping due to its accessibility, variety, and ease of comparison. This flexibility is particularly appealing to busy individuals and families. The proliferation of smartphones and improved internet access globally enables more people to engage in online shopping. This trend is especially prominent in emerging markets where digital access is expanding rapidly. Retailers are continuously investing in user-friendly websites, mobile apps, and personalized shopping experiences, utilizing AI and machine learning to tailor recommendations and promotions to individual preferences. For instance, on January 19, 2023, Tata Consultancy Services (TCS) announced TCS Customer Intelligence & Insights (CI&I) for Retail 3.0 to assist merchants in strengthening their client interactions. This provides hyper-personalized involvement at all stages of the customer journey. The platform delivers insights, forecasts, and recommended actions at key physical and digital touchpoints, resulting in increased marketing ROI and customer happiness.

Robust Adoption of Highly Advanced Technologies to Promote Market Developments

Emerging technological innovations are reshaping the retail sector by enhancing operational efficiency, improving customer experiences, and enabling personalized marketing strategies. Retailers are leveraging AI for inventory management, customer service, and personalized recommendations. AI-driven analytics help retailers understand consumer preferences and optimize their product offerings accordingly. The use of big data allows retailers to analyze consumer behavior, preferences, and purchasing patterns. This data-driven approach enables targeted marketing strategies and improves customer engagement. For instance, in January 2023, Microsoft and AiFi, a firm that helps businesses adopt modern shopping technology at a reasonable cost, announced their cloud service 'Smart Store Analytics'. Smart store analytics, which is part of Microsoft's Cloud for Retail product suite, provides shopper and operational data for retailers who use AiFi technology in their smart store fleets.

Restraint Factor for the Retail Sector Market

Growing Number of Retail Players Increases Price Wars to Limit Market Share

The growing number of retailers and e-commerce platforms is intensifying price competition within the retail sector. As more players enter the market, both brick-and-mortar stores and online platforms are vying for consumer attention by offering competitive pricing strategies. This increased competition leads to frequent discounting, promotional offers, and price wars, which can erode profit margins for retailers. Smaller businesses, in particular, face challenges in maintaining profitability as they compete with larger retailers who can leverage economies of scale to offer lower prices. Thus, the pressure to balance competitive pricing with sustainable marg...

The modern trade retail market, valued at $5.30 billion in 2025, exhibits robust growth potential, projected to expand at a compound annual growth rate (CAGR) of 4.29% from 2025 to 2033. This expansion is fueled by several key drivers. The rising disposable incomes in developing economies are increasing consumer spending on a wider range of goods, boosting demand across various product categories. E-commerce penetration continues to rise, particularly within the food, beverage, and grocery, and personal care sectors, creating new avenues for retail expansion and consumer convenience. The increasing preference for organized retail formats, including supermarkets and hypermarkets, over traditional, smaller stores reflects a shift towards a more streamlined and convenient shopping experience. Furthermore, strategic partnerships between retailers and brands enhance product availability and marketing reach, contributing to market growth. However, challenges remain. Intense competition among established players and the emergence of new entrants necessitates continuous innovation and adaptation. Economic fluctuations and inflationary pressures impact consumer spending patterns, potentially influencing market growth trajectories. Effective supply chain management becomes crucial in navigating these uncertainties. Segmentation analysis reveals a dynamic market landscape. Food, beverage, and grocery dominate the product type segment, followed by personal and household care and apparel. Retail chains hold a significant market share, while the online channel exhibits strong growth potential, indicative of evolving consumer preferences. Geographic distribution shows diverse growth patterns, with North America and Asia Pacific expected to be key contributors to overall market expansion. The projected market size for 2033 can be estimated by applying the CAGR to the 2025 value. Assuming a consistent growth rate, the market is expected to experience significant expansion over the forecast period, driven by continued economic growth, changing consumer habits, and technological advancements within the retail sector. A robust competitive landscape necessitates that companies focus on strategic differentiators such as personalized customer experiences, enhanced supply chain agility, and innovative retail technologies to secure a prominent position within this expanding market. This also emphasizes the necessity for ongoing market research and adapting strategies to meet changing consumer demands and market dynamics. Recent developments include: August 2023: Italian luxury fashion brand Gucci and Chinese e-commerce giant JD.com, popularly known as Jingdong, have partnered digitally. With the launch of a new digital flagship shop on the e-commerce retailer's platform, the partnership will reach a significant milestone., May 2023: Walmart announced the launch of over 28 healthcare facilities in its supercenters, providing value-based and dental care services.. Key drivers for this market are: Rapid Expansion of Urban Areas, Rise of E-commerce and Omnichannel Retailing. Potential restraints include: Rapid Expansion of Urban Areas, Rise of E-commerce and Omnichannel Retailing. Notable trends are: Emergence of Omnichannel Retailing is Driving the Market.

The Europe retail market size reached around USD 8.02 Billion in 2024. The market is projected to grow at a CAGR of 5.50% between 2025 and 2034 to reach nearly USD 13.70 Billion by 2034.

Key information about Chile Retail Sales Growth

• Chile Retail Sales grew 8.2 % YoY in Jan 2025, compared with a 5.8 % increase in the previous month.
• Chile Retail Sales Growth YoY data is updated monthly, available from Jan 2015 to Jan 2025, with an average growth rate of 2.8 %.
• The data reached an all-time high of 57.7 % in May 2021 and a record low of -21.2 % in Apr 2020.
• In the latest reports, Car Sales of Chile recorded 26,997.0 units in Jan 2025, representing a growth of 3.2 %.

CEIC calculates monthly Retail Sales: Excl. Motor Vehicles Growth from monthly Retail Sales Volume Index. The National Institute of Statistics provides Retail Sales Volume Index with base 2018=100. Retail Sales: Excl. Motor Vehicles Growth prior to January 2019 is calculated from Retail Sales Volume Index with base 2014=100.

Retail Sales in Denmark increased 4 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Denmark Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2022, click-and-collect sales in the United States were forecast to grow 19.4 percent compared to the previous year. After increasing by more than 100 percent during the first year of the COVID-19 pandemic, click-and-collect retail sales were expected to continue to grow in the near future, albeit at a slower rate.

Key information about Brazil Retail Sales Growth

• Brazil Retail Sales grew 4.1 % YoY in Dec 2024, compared with a 4.3 % increase in the previous month.
• Brazil Retail Sales Growth YoY data is updated monthly, available from Jan 2001 to Dec 2024, with an average growth rate of 4.0 %.
• The data reached an all-time high of 23.3 % in Apr 2021 and a record low of -17.3 % in Apr 2020.
• In the latest reports, Car Sales of Brazil recorded 171,228.0 units in Jan 2025, representing a growth of 6.0 %.

CEIC calculates monthly Retail Sales: Incl. Motor Vehicles Growth from monthly Retail Trade Index. The Brazilian Institute of Geography and Statistics provides Retail Trade Index with base 2022=100.

Retail Sales in Vietnam increased 8.30 percent in June of 2025 over the same month in the previous year. This dataset provides - Vietnam Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The global retail market size reached USD 30,092.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 48,867.9 Billion by 2033, exhibiting a growth rate (CAGR) of 5.26% during 2025-2033. There are various factors that are driving the market, which include the rising focus on personalized user experience, technological innovations, and various collaborations and partnerships among key players to expand their market reach and increase user engagement.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 30,092.3 Billion
Market Forecast in 2033	USD 48,867.9 Billion
Market Growth Rate (2025-2033)	5.26%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on product and distribution channel.

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.

Retail E-Commerce Market size expected to reach USD 15.62 trillion by 2032, from USD 7.29 trillion in 2025, exhibiting CAGR of 11.5% during the forecast period.

Retail Sales in Netherlands increased 2.20 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Netherlands Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Global Smart Retail market size is expected to reach $162.71 billion by 2029 at 24.5%, robots and automation drive smart retail market growth

The specialty retail market is experiencing steady growth, with a projected CAGR of XX% during the forecast period of 2025-2033. Key drivers include rising consumer spending, increasing demand for personalized experiences, and the growth of e-commerce. Segmentation by application reveals growth opportunities in healthcare, beauty, and home improvement. Within the types segment, luxury, value, and off-price sub-segments are expected to gain traction. Major industry players include Home Depot, CVS Health, Lowe's, Express Scripts Holding, Best Buy, Hennes & Mauritz, Adidas, FAST RETAILING, Gap, and Kingfisher. Geographic analysis indicates strong growth potential in North America, Europe, and Asia-Pacific. Technological advancements, such as AI and personalized marketing, are also shaping the market landscape. However, factors such as economic downturns, competition from online retailers, and supply chain disruptions can pose challenges for industry participants.