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

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Karan Arora
Karan Arora

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search