Despite supply chain challenges and labor shortages, retailers are coming off another strong holiday shopping season. Analysts predict 2022 will be another solid year for retailers, even with an expected decline in growth. For more insights into 2022, read our conversation with economic expert Katie Thomas here.
- Global retail industry growth for 2022 is predicted to be down 6.6 percent from the forecasted growth in 2021, which was 7.2 percent.
- Total 2022 retail sales worldwide are expected to top $26.7 trillion.
3 Trends That Will Shape Retail in 2022
- Sale of more secondhand goods
- Return policies will differentiate retailers
- Using tech to enhance in-store experiences
Sources: Forecast for Retail Sales Growth Worldwide from 2018 to 2022, Statista; Forrester, Predictions 2022; Publicis Sapient, 2022 Guide to Next
