The global retail and wholesale
market, a part of the retail and wholesale industry, grew at a compound annual
growth rate (CAGR) of around 4% during the historic period. The retail and
wholesale industry showed a steady growth. This market has registered steady
growth rate in the historic period due to growth in the emerging markets such
as China and India. These populations increasingly shop in formal retail
outlets or online, buying branded goods that are more expensive than those sold
in traditional markets.
In the forecast period, the global
retail and wholesale market size is expected to be over $40 trillion by 2021,
growing at a CAGR of nearly 5%. Technology is expected to be a continued driver
of market growth during this period. Areas of particular development are likely
to be POS (point-of-sale) technology, beacons, Wearable’s, augmented reality
and 3D printing. Furthermore, rising population, increase in dispensable income,
and increasing per capita incomes are expected to drive the global retail and
wholesale market in the future.
Find TBRC’s report on the retail and wholesale market: https://www.thebusinessresearchcompany.com/report/retail-and-wholesale-global-market-report-2018
In 2014, many e-commerce retailers started offline stores.
Birchbox, an e-commerce store opened its first physical store in Soho and
companies like Bonobos and Warby Parker doubled the number of their brick and
mortar stores in 2014. E-commerce retailers setting up offline stores are good
news for brick and mortar concept because it validates the need for physical
stores.
Major companies in the retail and wholesale market, offering
new technology include Wal-Mart Stores, McKesson, AmerisourceBergen
Corporation, CVS Health Corporation, Costco, Kroger Co, Tesco PLC, Carrefour S.A,
Cardinal Health, Amazon, The Home Depot Inc., Lidl Stiftung & Co. KG.
Download a sample report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=343&type=smp
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