In 2016, total retail sails across the globe will increase 6.0 per cent to 22.049 trillion and retail sails are expected to take up 8.7 per cent of the total, with $1.915 trillion in 2016 as well.
Sales through digital platforms are seeing a consistent increase with 23.7 per cent growth rate forecast for 2016 and taking up 14.6 per cent of total retail sales by 2020.
As companies work to improve their logistics and infrastructure, ecommerce sales will continue to see more popularity. A large portion of ecommerce sales are expected to come from China, who is responsible for 47.0 per cent of sales worldwide this year and while North America is at 15.6 percent.
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
