Trends Report

The Outlook For The Retail Industry In 2024 And Beyond

In Spite Of Global Worries, Retail Is Growing

 and  two contributors
Oct 04, 2024

Summary

Forrester expects that global retail will top $28 trillion by 2028, up from $22.6 trillion in 2023. Three-quarters of that will be in physical stores, and the remainder will be online. This report analyzes retailers’ top concerns for the latter half of 2024 and into 2025: election angst, inflation concerns, and the growth of Shein and Temu. It also reviews three technology areas that retailers should invest in to boost retail sales: AI, retail media, and mobile commerce.

Log in to continue reading
Client log in
Welcome back. Log in to your account to continue reading this research.
Become a client
Become a client today for these benefits:
  • Stay ahead of changing market and customer dynamics with the latest insights.
  • Partner with expert analysts to make progress on your top initiatives.
  • Get answers from trusted research using Izola, Forrester's genAI tool.
Purchase this report
This report is available for individual purchase ($1495).