Retail expected to top $5.5 trillion by 2020 Unlisted Video

According to new research released by Business Insider, the retail industry will boom in the future.
Business Insider Intelligence estimates that retail stands to rake in $5.5 trillion dollars by the year 2020.
The main source of growth is thanks to smartphones. More customers are expected to use their mobile devices to make purchases.
Although in-store purchases still squash e-commerce, online sales are growing nearly four times faster than in-store ones.