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Holiday shopping trends, including an increase in mobile shopping and selling through social media, gave businesses a preview of sales in 2025. — Getty Images/LEREXIS Why it matters:
Those shifts changed the buying and eating landscape in 2024. As of Dec. 20, Coresight Research tracked 48 retail bankruptcies in the U.S., compared with 25 during the same period a year ago. And ...
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
The National Retail Federation releases an annual retail sales forecast each spring. NRF forecasted that 2024 retail sales would be between 2.5% and 3.5% to between $5.23 trillion and $5.28 trillion. [41] The 2024 sales forecast compares with 3.6% annual sales growth of $5.1 trillion in 2023. [42]
The three major Retail M&A waves took place in 2000, 2007 and lately in 2017. However the all-time high in terms of number of deals was in 2016 with more than 2,700 deals. In terms of added value 2007 set the record with the US$225 billion. [85] Here is a list of the top ten largest deals (ranked by volume) in the Retail Industry: [citation needed]
X5 Retail Group: Discount store 27,310 1.4%: Moscow Russia: 39 Coop: Supermarket 25,623 2.2%: Basel Switzerland: 40 Dollar Tree: Discount store 25,509 5.3%: Chesapeake United States: 41 Groupe ADEO Home improvement 25,425 ... Ronchin France: 42 Alibaba Group New Retail & Direct Sales: Department store 24,718 ... Hong Kong: 43 Système U ...
On March 16, 2020, it was reported that retail sales dropped 20.5% after the pandemic hit the country, a percentage that, according to Business Insider, was unseen since the financial crisis of 2007–2008. [82] Retail sales continued to decrease with a 2.8% decline in May 2020 and 1.8% in June from where they were at the same time in 2019. [83]
The results of this survey are tabulated according to the NAICS and provide statistics about the U.S. economy. The most recent data are from 2007. [2] The 2012 Economic Census is underway with the initial results to be available in December 2013. [3]