Retail expected to top $5.5 trillion by 2020

WochitBusiness Published May 17, 2019 737 Plays $0.48 earned

Rumble / Entertainment LifeAccording 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.