Retail Market Forecasts Continued Growth
Retail is never boring. In the age of click-bait, the headlines would have you believe retail is dying or at least mortally wounded. Over 8,000 stores closed this year, over 300 firms declared bankruptcy. Millennials aren’t spending money on ‘things’, everyone is shopping online, Amazon is unstoppable. Retail as we know it is over. A little perspective is in order. Retail is still growing, the final numbers will most likely put 2017 growth at close to 4 percent. And, while online sales continue to grow faster (12 percent), keep in mind that brick and mortar store sales continue to grow as well.