Home / Knowledge / News / Apparel/Garments / Global retail sales to touch $22 trillion in 2016: Emarketer
Global retail sales to touch $22 trillion in 2016: Emarketer
25
Aug '16
In a new report titled 'Worldwide Retail Ecommerce Sales', market research agency Emarketer has forecast that total retail sales across the world will touch $22.049 trillion, an increase of 6.0 per cent over the previous year. And although, even as annual growth rates slow over the next few years, Emarketer estimates sales will top $27 trillion in 2020.

Emarketer includes sales across all retail channels, which includes sales from online retailers and sales that take place in consumer-to-consumer (C2C) platforms such as Ebay and other auction sites; and sales by motor vehicle and parts dealers and by gas stations.

However, the market research agency excludes travel, event ticket and restaurant sales from its forecast of total retail sales.

According to the agency, retail online sales, which include products and services, except travel, restaurant and event ticket sales will reach $1.915 trillion in 2016, accounting for 8.7 per cent of worldwide overall retail spending.

The report also forecasts retail ecommerce sales will rise to $4.058 trillion in 2020, making up 14.6 per cent of total retail spending in that year.

Emarketer said it has reduced its forecast for overall retail sales since its prior estimate in December 2015, primarily from low oil prices and negative currency effects.

“The US dollar has risen against most major currencies, and as a result the value of overall retail sales denominated in US dollars is down across all markets in Emarketer's forecast,” the agency said. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 30th May 2017

CAI estimates 2016-17 cotton crop at 340.5 lakh bales

Cotton Association of India (CAI) has retained its earlier estimate...

Courtesy: World Bank/Claude Renault

Textiles | On 30th May 2017

India’s economic fundamentals remain strong: World Bank

India remains the fastest growing economy in the world – economic...

Courtesy: Dollar Industries

Apparel/Garments | On 30th May 2017

Dollar Industries registers Rs 906 cr turnover in FY17

Hosiery major Dollar Industries Limited registered a turnover of Rs...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search