Global retail sales were projected to amount to around **** trillion U.S. dollars by 2026, up from approximately **** trillion U.S. dollars in 2021. The retail industry encompasses the journey of a good or service. This typically starts with the manufacturing of a product and ends with said product being purchased by a consumer from a retailer. Retail establishments come in many forms such as grocery stores, restaurants, and bookstores. 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 increased 0.60 percent in June 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.

In the United States, e-commerce retail trade sales were worth nearly *** trillion U.S. dollars in 2024, up from *** billion U.S. dollars in 2023.

By the end of 2024, total retail sales reached approximately **** trillion U.S. dollars, around a quarter of a billion U.S. dollar increase from the year before. Retail sales have steadily increased since 2009, as the economy recovered from the downward trend due to the recession following the 2007-2008 financial crisis, and most recently from the impact of the coronavirus (COVID-19) crisis. The United States as retail powerhouse The United States is home to many of the leading retail companies in the world, including Walmart, Costco, and Amazon. Amazon, in particular, has seen extreme levels of growth in revenue in tandem with the increase of e-commerce globally. The rise of e-commerce and mobile shopping E-commerce is responsible for a growing percentage of total retail sales, partially due to a surge in mobile shopping, with customers increasingly using their mobile devices for various online shopping activities. Smartphones accounted for more retail website visits than desktops or tablets, and matched desktops in generating online shopping orders.

Market Size statistics on the Supermarkets & Grocery Stores industry in the US

The Retail Industry Market is Segments by Product Type (Food, Beverage, and Grocery, Personal and Household Care, Apparel, Footwear and Accessories, and More), by Distribution Channel (Supermarkets/Hypermarkets, Convenience and Discount Stores, Specialty Stores, and More), and by Geography (North America, Europe, Asia-Pacific, and More). The Market Forecasts are Provided in Terms of Value (USD).

Overstock.com, a publicly traded furniture and home goods brand owned by Beyond, Inc. was the fastest-growing retailer in the United States in 2023. That year, the company generated roughly *********************** U.S. dollars' worth of domestic retail sales.

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US Retail Banking Market Size 2025-2029

The US retail banking market size is forecast to increase by USD 92.1 billion at a CAGR of 4.2% between 2024 and 2029.

The Retail Banking Market in the US is witnessing significant shifts driven by the ongoing Digital transformation. Banks are increasingly adopting cloud-based solutions to enhance customer experience, streamline operations, and reduce costs. This trend is reshaping the competitive landscape, as traditional players race to keep pace with fintech disruptors. However, this digital evolution brings new challenges. Cybersecurity threats are on the rise, with financial institutions becoming prime targets for hackers.
As the industry continues to digitize, ensuring robust security measures will be crucial to safeguard sensitive customer information and maintain trust. Balancing the benefits of digital innovation with the need for robust security will be a key strategic priority for retail banks in the US.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic retail banking market of the US, digital transformation is a key trend, with financial institutions optimizing their branch networks and embracing virtual assistants for enhanced customer experience. Customer segmentation, fueled by big data and data visualization, enables personalized financial services and product offerings. data security is paramount, with AI and machine learning employed for fraud prevention and regulatory compliance. Digital onboarding streamlines the loan approval process, while open banking and financial wellness initiatives promote financial inclusion. Credit scores and interest rates remain critical factors, with marketing automation and predictive analytics driving targeted customer engagement.
Fees and charges, a significant concern for customers, are being addressed through transparency and innovation. Cloud computing and machine learning are revolutionizing risk management and loan underwriting. Overall, the retail banking landscape is characterized by continuous innovation, driven by the integration of technology and customer-centric strategies.

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 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Private sector banks
  Public sector banks
  Foreign banks
  Community development banks
  Non-banking financial companies


Service

  Saving and checking account
  Personal loan
  Mortgages
  Debit and credit cards
  Others


Channel

  Direct sales
  Distributor


Geography

  North America

    US

By Type Insights

The private sector banks segment is estimated to witness significant growth during the forecast period.

The US retail banking market is undergoing significant transformation, driven by technological innovations, changing consumer preferences, and regulatory shifts. Fintech companies are disrupting traditional banking models with user-friendly interfaces, digital marketing, and financial education tools. Retirement planning, Personal Loans, and savings accounts are increasingly being offered through digital channels, enhancing financial empowerment and convenience. Branch banking still holds importance for customer experience and face-to-face interactions, but online banking, mobile banking, and ATM access ensure round-the-clock access to financial services. Insurance products, checking accounts, and email marketing are essential tools for customer acquisition and retention. Blockchain technology, data analytics, and artificial intelligence are revolutionizing financial services, with applications in fraud detection, investment services, and peer-to-peer lending.

Regulatory compliance and customer satisfaction are critical factors in this evolving landscape, with regulatory changes enabling financial inclusion and fostering competition. Auto loans, mortgage loans, and credit cards remain popular offerings, with digital wallets and debit cards providing additional convenience. As consumer expectations continue to shift towards seamless, personalized experiences, banks must prioritize user experience (UX) and customer satisfaction. In the private sector, JPMorgan, Bank of America, Wells Fargo, and Citibank lead the market, offering comprehensive financial services to high-net-worth individuals. Regulatory changes and technological advancements have facilitated the entry of new players, making the market increasingly competitive. Overall, the US retail banking market is witnessing a dynamic and innovative period, with a focus on meeting the diverse needs of consum

In 2024, global retail e-commerce sales reached an estimated ************ U.S. dollars. Projections indicate a ** percent growth in this figure over the coming years, with expectations to come close to ************** dollars by 2028. World players Among the key players on the world stage, the American marketplace giant Amazon holds the title of the largest e-commerce player globally, with a gross merchandise value of nearly *********** U.S. dollars in 2024. Amazon was also the most valuable retail brand globally, followed by mostly American competitors such as Walmart and the Home Depot. Leading e-tailing regions E-commerce is a dormant channel globally, but nowhere has it been as successful as in Asia. In 2024, the e-commerce revenue in that continent alone was measured at nearly ************ U.S. dollars, outperforming the Americas and Europe. That year, the up-and-coming e-commerce markets also centered around Asia. The Philippines and India stood out as the swiftest-growing e-commerce markets based on online sales, anticipating a growth rate surpassing ** percent.

The Global Digital Transformation in Retail Market Growth is Segmented by Accessibility (Mobile Application, Website), Products (Consumer Electronics, Media and Entertainment, Apparel), Technology (Cloud Computing, Big Data, AI, IoT, AR/VR), and Geography. The Market Sizes and Forecasts are Provided in Terms of Value (USD Million) for all the Above Segments.

In 2024, total retail and food service sales reached **** trillion U.S. dollars for the first time in the United States. This is more than **** times the sales numbers that were generated in 1992, not adjusting for inflation. Leading retailers and store types In 2023, the leading food and grocery retailer in the United States was by far Walmart, which generated sales numbers of close to *** billion U.S. dollars that year. The Kroger Co., Costco Wholesale Club, and Ahold Delhaize were also among the top U.S. retailers. With a grocery market share of almost ** percent, the supermarket was the top store type in 2018. The warehouse clubs and superstores category stood in second place, accounting for almost a quarter of the U.S. market. Consumer habits The American consumer made an average of a little more than *** and a half trips to the grocery store per week in 2023. The average amount of trips has noticeably decreased, compared to a decade earlier. In recent times, online grocery shopping has also become an option for consumers. The concept is projected to grow considerably in the coming years, reaching roughly *** billion U.S. dollars’ worth of sales numbers in the United States by 2024.

According to estimates, Amazon claimed the top spot among online retailers in the United States in 2023, capturing 37.6 percent of the market. Second place was occupied by the e-commerce site of the retail chain Walmart, with a 6.4 percent market share, followed in third place by Apple, with 3.6 percent.

Amazon’s continued success

Amazon has long dominated the e-commerce market as the world’s favorite online marketplace. In 2022, company hit over half a trillion U.S. dollars in net sales. The United States is by far Amazon’s most profitable market, as the U.S. branch generated over 356 billion U.S. dollars in sales in 2022. Germany ranked second, with 33 billion dollars, followed closely by the United Kingdom with 30 billion dollars.

Online shopping on the rise

Online shopping has grown significantly over the past decade, with more people turning to the internet for their shopping needs. The proof is in the numbers: the U.S. e-commerce industry was worth almost a trillion dollars in 2023. By 2027, forecasts show that the online market will grow to more than 50 percent. U.S. online shoppers purchase fashion and food and beverages the most via the internet.

Swings in the economy have a limited impact on warehouse clubs and supercenters because these retail establishments offer low-priced goods. When consumer sentiment is high, shoppers spend more time visiting industry retailers and buying extra items. Conversely, when consumer sentiment is low, warehouse clubs and superstores draw a larger pool of consumers as households seek to cut expenses by buying in bulk for the future. Many of these retailers have been able to attract and retain more business by offering memberships and reward programs that disincentivize consumers to visit the competition. Revenue for warehouse clubs and supercenters is expected to climb at a CAGR of 3.2% to $771.1 billion through the end of 2025, including growth of 2.8% in 2025 alone. In the same year, profit will account for 3.5% of revenue, a dip from 2020 because of strong competitive forces and inflation. Online companies can undercut traditional warehouse clubs and supercenters' prices by taking advantage of lower operational costs. The brick-and-mortar warehouse clubs and supercenters incur higher operational costs than online-based businesses because they pay for high-traffic retail space and require employees for daily operations. Retailers are increasingly optimizing their online presence for mobile shopping. Walmart, a leader in the industry, has introduced a competing service known as Walmart+, which costs $98.00 annually. Walmart+ provides members with unlimited free deliveries, fuel discounts and a more streamlined in-store shopping experience via the Scan & Go feature on the Walmart app. Although this service emphasizes increasing Walmart's e-commerce sales, the fuel discounts and access to the Scan & Go feature on the company's app will encourage in-store purchases. Warehouse clubs and supercenters' revenue will expand as the domestic economy surges. Consumer spending and corporate profit boosts encourage future revenue growth by prompting more consumers to buy club memberships and spend on bulk purchases. Consumption rates will continue to climb across the US, promoting strong foot traffic and these retailers that often sell products in bulk. Nonetheless, increasing online competition will continue to threaten the industry as retailers like Amazon expand their customer base. Revenue for warehouse clubs and supercenters is expected to swell at a CAGR of 2.3% to $862.8 billion through the end of 2030.

The market for retail vending machine BPC in the USA was worth USD 91.6 million in 2025 and is projected to be worth USD 303.5 million by 2035, growing at a CAGR of 10.5% during the forecast period.

State wise Outlook

Competitive Outlook

Supermarkets and grocery stores have significantly transformed in recent years, driven by technological advancements and shifting consumer preferences. E-commerce has become a cornerstone of the industry, with over 70.0% of grocery retailers integrating online ordering and fulfillment into their operations in 2025. This shift has been fueled by consumer demand for convenience and efficient shopping experiences, prompting retailers to invest heavily in curbside pickup and home delivery services. Major players like Kroger have leveraged these innovations to maintain a competitive edge, while third-party delivery platforms like Instacart have enabled smaller grocers to compete with larger chains. The adoption of "dark stores" and AI-driven technologies has further optimized operations but heightened competition has limited revenue expansion. Over the past five years, revenue has been slipping at a CAGR of 0.1%, reversing course in 2025 to climb 1.1%, reaching $883.1 million. Over the past five years, the industry has faced rising labor costs and competition from discount grocers and private-label products. Automation has played a crucial role in managing these pressures, with more than 50.0% of transactions in major chains processed through self-checkout systems in 2025. Despite these advancements, wages have continued to rise, accounting for an estimated 10.7% of revenue. This has led retailers to focus on strategic pricing and the promotion of high-margin private-label products to sustain profit. The proliferation of discount grocers like Aldi and Lidl has intensified competition, forcing traditional supermarkets to innovate and adapt to retain market share. Looking ahead, supermarkets and grocery stores are likely to endure steady but marginal revenue growth over the next five years, influenced by economic and demographic factors. Increases in per capita disposable income and consumer spending suggest a stable economic environment that could bolster sales of premium and specialty grocery items. However, declines in the agricultural price index may pressure revenue growth, as lower prices could reduce sales value. Urban population growth will continue to drive demand for grocery products, encouraging retailers to adopt urban-centric strategies. Upcoming FDA regulations on product labeling and ongoing geopolitical tensions will present challenges and opportunities for the industry. Retailers that can navigate these complexities and align with evolving consumer preferences, such as the rise of functional foods and the "quiet luxury" trend, will be well-positioned to thrive in a rapidly changing market landscape. Revenue is anticipated to expand marginally over the next five years at a CAGR of less than 0.1%, totaling $883.3 million in 2030.

The revenue in the e-commerce market in the United States was forecast to continuously increase between 2025 and 2029 by in total 498.2 billion U.S. dollars (+37.16 percent). After the tenth consecutive increasing year, the revenue is estimated to reach 1.8 trillion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the e-commerce market was continuously increasing over the past years.Find other key market indicators concerning the average revenue per user (ARPU) and number of users. The Statista Market Insights cover a broad range of additional markets.

Total retail sales in the United States were projected to amount to *** trillion U.S. dollars in 2026, up from around *** trillion U.S. dollars in 2021. These figures included e-commerce and retail sales. Retail establishments come in many forms such as grocery stores, restaurants, and bookstores. There are around ************ retail establishments in the United States. Leading companies in U.S. retail The domestic retail market in the United States is very competitive, with many companies recording substantial retail sales. 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. American retailers worldwide Many of the world’s leading retailers are American companies. Walmart and Amazon are examples of American retailers doing business on a global scale. The success of U.S. retailers can also be seen through their performance in online retail. Amazon is a prime example of this, with the company’s sales revenue flourishing over the previous years.

The US is home to a large number of affluent (high net worth [HNW] and mass affluent) individuals. The country also has a well-developed financial services sector, including the most sophisticated mutual fund and equity markets globally, which explains the high participation in various asset classes. The local retail savings and investments market has registered impressive growth post-financial crisis, with its value almost doubling from $25.4tn in 2008 to $50.5tn in 2018. Read More

Tire Retail Market size is expected to be worth around USD 354.1 Billion by 2034, from USD 221.6 Billion in 2024, at a CAGR of 4.8%.