The latest retail forecast from the centre for retail research. The retail landscape has endured much change over the last decade. Comptias it industry outlook 2020 provides insight into the trends shaping the industry, its workforce, and its business models. These charts from emarketer give a great visual summary of uk retail ecommerce sales growth predictions. Solar photovoltaic installers, to simplify a complicated job title, install solar panels and solar panel systems. With the outlook for global growth dimming and the uncertainty of trade tariffs unlikely to go away soon, we expect real gdp growth to slow to 1. It was the first decline in retail trade since december 2018, led by general dealers 0. The interrelated nature of technology where elements of. Forecast growth in percentage of online retail ecommerce sales. For ease of calculation the 2021 rate of growth has been standardised. Auto analysts and economists do not agree on future us auto sales, but for our forecast, we are assuming that auto sales will see a modest decline over the next several years do to a slowing economy, changing purchase behavior including consumers holding onto cars longer and forgoing second and third cars by sharing and use of ridesharing services.
Readers have returned to traditional print media, to the benefit of industry operators. One in four people taking prescription drugs report difficulty affording their medication and recent kaiser family foundation opinion polling has found bipartisan support for government action to lower prescription drug costs. Specifically, the demand for solar energy has established solar photovoltaic installers as the career field with the highest projected growth for the next decade, at an astonishing 105. More recently, however, there have been signs of industry growth. In addition to creating massive gains for consumers, iot is projected to provide dramatic improvements in manufacturing, health care, energy, transportation, retail services, government, and general economic growth. South africa retail sales yoy 20032020 data 20212022.
Retail sales growth rate with chart of retail sales growth and historical data. Outlook 2020 predictions for 2020 and the next decade. Find industry analysis, statistics, trends, data and forecasts on book retailers in. Retail sales growth by industry worldwide 20122021 statista. While the roots of this disruptiontechnological, economic, geopolitical, demographic or environmentalmay remain the same, the unique convergence of these factors should unleash unprecedented change in the broader. Retail is changing at an unprecedented speed, and with it come big challenges and opportunities. Nov 08, 2018 worst jobs for the future 2018 slide 5 of 21. A decade ago, the bureau of labor statistics underestimated the impact of the rise of ecommerce on retail employment, and it projected a big increase in office. Online retail is a huge and booming industry as the latest retail growth figures show, with sales expected to reach an astounding 1,115 billion dollars this year. Jan 24, 2018 specifically, the demand for solar energy has established solar photovoltaic installers as the career field with the highest projected growth for the next decade, at an astonishing 105. Book retailers in the uk industry data, trends, stats ibisworld. Half of uk retail sales will be online within 10 years. The internet is expected to account for 53% of retail sales in 10 years time, up from about a fifth at present, as younger people who have grown up with the internet become more than half the. Dec 11, 2015 15 jobs with the most growth in the next decade.
Dec 08, 2015 construction sector a leader for job growth over the next decade by robert dietz on december 8, 2015. The panel is projecting less than 2 percent growth in retail construction spending this year, and essentially flat levels next year. Throughout the last decade as a professional journalist, ive covered many facets of the retail sector for both consumers and industry insiders, including news on momandpop shops, national. It was still the biggest decline on record as the coronavirus crisis hit the economy. A discussion with retail futurist doug stephens as a new decade dawns. With the continual addition of novel features that support ecommerce shopping, social media and. Players unable to shift their models to meet the needs of new retail went bankrupt. The growth in this category is not just restricted to metros and tier i cities and has shown growth in.
Annual growth of online retail sales china 20112017, by device likeforlike sales growth at fashion stores in great britain 20172018, by retailer retail sales nonfood products in the uae 20122016. The retail industry, while not unfamiliar with change, has reached its proverbial tipping point. While the roots of this disruptiontechnological, economic, geopolitical, demographic or environmentalmay remain the same, the unique convergence of these factors should unleash. Jan 16, 2019 over the years, the book industry has remained a massive, greatly influential global consumer market. The economy slowed last year, with real gdp growth declining to 1. The bls employment projections are designed to estimate. The construction industry is expected to experience a significant amount of employment growth over the next decade, according to new projections from the bureau of labor statistics bls. These factors contribute to high growth projections of 14 per cent over the next decade. Although growth rates are declining, they will remain around 10% for next two years with total online retail sales reaching 19.
Actual realized growth is negatively correlated to past growth. The next decade goodreads meet your next favorite book. Technology predictions 2020 5g, iot integration and the associated ability to connect distributed and diverse data sources into a systems of intelligence will drive huge ai opportunities in consumer and content management, network optimization and integration of an exploding number of sensorbased data sources. The digital tipping point 2019 retail report retail economics. The digitization that swept through books, music and travel has blown an. In a recent report on the emerging retail trends of 2019, cb insights, a strategic intelligence company, says popup stores are proliferating across the retail sector, and fast. He also noted that the current projections predict a widening of the gap between real gdp and its prerecession trend from 19 percent in the fourth quarter of 2015 to 26 percent in the fourth quarter of 2024. This year, the retail industry will generate its most robust annual growth since 2011, according to the national retail federation. Over the past decade, the book retailers industry has faced intense. Retail sales and similar economic series is available by subscription. Senior economist fernando martin updated a november 2014 essay in which he found that real gdp would grow at a 2.
From research conducted with similarweb and jbh marketing we have identified 3 big trends multichannel retailers are acting on this year. Online sales also are projected to affect specific segments of the retail industry to varying extents. The popularity of retail clinics has grown substantially over the last decade. Worldwide retail 2015 predictions, idc, november 2014, getdoc. The retail industry should be prepared for changing economic conditions in the coming year.
Currently, the online market size in australia is 7. The next ten years will be a time of massive transition. Npd forecast shows continued growth for consumer technology sales. The first clinics began opening in 2000, and by 2010 they numbered just over 1,300, according to the convenient care association. Every day, we stand up for, celebrate, educate and inspire the people who power the retail industry. A twoyear retail clinic growth rate of nearly 15% from 2011 and 2012 marked another dramatic boost for. Forecast growth in percentage of online retail ecommerce. This sector has benefited from strong job growth, and the apparent bottoming. Though signs point to a slowdown, growth in construction. Certain trends will follow a pattern of predictable growth. Ecommerce growth statistics uk, us and worldwide forecasts. The latest ecommerce growth forecast from emarketer suggests that. Feb 12, 2015 consumers will be in the mood to shop. Stocks will return about 4% annually over the next decade or so rather than the 10% average annual returns of recent decades.
Jack bogles 5 bold investment predictions for 2018. Investors over value stocks by extrapolating recent great results into the future. Jan 11, 2019 in a recent report on the emerging retail trends of 2019, cb insights, a strategic intelligence company, says popup stores are proliferating across the retail sector, and fast. Nov 20, 2017 stocks will return about 4% annually over the next decade or so rather than the 10% average annual returns of recent decades. Their growth is expected to be steady within the coming year. Online and amazon to grow more dominant over the next. Updated projections are only now available to emarketer pro subscribers. Apr 11, 2020 from the national debt and housing market to climate change and military spending, here are the top 10 predictions that may affect the united states and your own personal economy over the next decade. We believe companies that want to be on top in 2030 must study emerging trends and begin preparing for them now. The increase in online sales is expected to continue over the next decade, limiting growth in the number of physical retail stores and reducing demand for retail sales workers.
Because trends do not occur in a vacuum, the report provides context through market sizing, workforce sizing, and other references to supporting data. Fifty shades of grey was the bestselling book of the decade in the u. Weve compiled a list of the changes that we believe are the keys to a successful retail enterprise in the next decade and now more urgent than ever. Construction sector a leader for job growth over the next. A new wave of disruption more forceful and more pervasive than what we have seen in recent years will likely unfold in the next decade. He found that the average annual growth rate of gdp for the next decade is 2. Nrf is the worlds largest retail trade association. Construction sector a leader for job growth over the next decade by robert dietz on december 8, 2015.
Retail sales and similar economic series is available by. Over the years, the book industry has remained a massive, greatly influential global consumer market. Construction sector a leader for job growth over the next decade. The pace of growth is increasing, however, and nielsen projects that grocery ecommerce will grow at a combined average growth rate of 12. Menswear and womenswear struggled during october with negative. Feb 08, 2018 throughout the last decade as a professional journalist, ive covered many facets of the retail sector for both consumers and industry insiders, including news on momandpop shops, national. If the yearoveryear growth continues at current rates, amazon will grow ever more dominant. From the national debt and housing market to climate change and military spending, here are the top 10 predictions that may affect the united states and your own personal economy over the next decade. Aug 09, 2017 online sales are making gains and are projected to account for 17. The cost of prescription drugs has become a hotbutton issue with consumers and policymakers. The next decade is a 2010 book by george friedman, who addresses the united states relationships with other countries and the state of the world in general throughout the 2010s. Through the first three quarters of last year, ecommerce represented an average of 8. At the same time, it represents a marked decline from the five years preceding that, when global retail sales grew between 5.
The next decade is a 2010 book by george friedman, who addresses the united states relationships with other countries and the state of the world in general throughout the 2010s the main theme of the book is how the american administrations of the 2010s will need to create regional power balances, some of which have been disturbed. Online retail forecast, 2017 to 2022, forrester writes that ecommerce will account for 17. Online sales also are projected to affect specific segments of the. The main theme of the book is how the american administrations of the 2010s will need to create regional power balances, some of which have been disturbed. Retail and food service sales, excluding autos and gas, should rise 3. Online retail growth statistics archives smart insights. Some current projections have amazons share at 40 percent of current ecommerce.
Feb 10, 2020 annual growth of online retail sales china 20112017, by device like for like sales growth at fashion stores in great britain 20172018, by retailer retail sales nonfood products in the uae 20122016. The convergence of an economy in transition, rapidly developing new technologies and increasingly high consumer expectations has created the perfect storm that is dramatically transforming the retail landscape leaving some struggling to keep up as they try to navigate the murky waters. The next 15 years, too, will bring their share of industry upheavals. Online and amazon to grow more dominant over the next decade. Companies growth rates show meanreversion to the economys overall growth rate. What are the recent and forecasted trends in prescription. The industry faced largescale business restructuring. Jan 10, 2018 ecommerce in australia is growing rapidly. This demographic will represent onequarter of the population and by 2020. A peek at future jobs shows growing economic divides the. Retail industry expects more sales growth in 2018 forbes. If the robust growth in nonretail categories is any indication, amazon is going to look a lot different a decade from now.
The federal reserve predicts that economic growth, as measured by gross domestic product, will slow to 2. The new decade is going to see the rise of smart robotics and computer systems that can keep. Office construction looks to be the strongest commercial sector, with 5 percent growth projected for this year and 1 percent in 2020. Industry employment and output projections to 2022. Online sales are making gains and are projected to account for 17. This chart collection explores trends in spending on prescription. Its share of the total global ecommerce sales is predicted to be twice that of north america and western europe combined. All retail means total retail sales, both online and offline. The author of the acclaimed new york times bestseller the next 100 years now focuses his geopolitical forecasting acumen on the next decade and the imminent events and challenges that will test america and the world, specifically addressing the skills that will be required by the decades leaders. Table 1 shows that retail growth in 2020 will fall by 4. Excess sales or earnings growth in one period tends to be followed by deteriorating results in the next period.
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