The Retail Industry Affected by Macroeconomic Variables

NEW YORK, March 23, 2017 /PRNewswire/ —

The global retail sector is projected to rise to US$ 28 trillion by 2019, with average annual growth rate of 3.8% since 2008, according to Research and Markets. The sector represents 31% of the world’s GDP and employs billions of people throughout the globe. Hyper and supermarkets account for 35% of retail direct sales with USA and China at the forefront. E-commerce is expected to show a CAGR of 23% between 2012 and 2019 in revenue and 12% for e-consumers. In terms of market trends, specific consumer behavior such as over-connectivity and the pursuit of healthier lifestyles are expected to shape the market in coming years. Petrone Worldwide, Inc.  (OTC: PFWI), Christopher & Banks Corporation (NYSE: CBK), Vince Holding Corporation (NYSE: VNCE), Stage Stores Inc. (NYSE: SSI), New York & Company, Inc. (NYSE: NWY)

Recently there has been a focus on smaller ‘Specialty Retail’ stores, which sell a diverse range of products. According to a report by IBIS World, because of the industry’s fragmented nature, it is not driven by product-specific trends but rather by broad macroeconomic variables. Over the five years to before 2016, rising income and employment have boosted demand throughout the retail sector.    read more…

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