As a result of the COVID-19 epidemic, worldwide retail sales declined by 2.9 percent in 2020, but grew by 9.7 percent in 2021. By 2022, global retail sales are expected to reach roughly 27.3 trillion dollars, up from around 23.7 trillion dollars in 2020.
Retailers from the United States are found all over the world.
Many merchants are able to do business on a global basis as a result of globalization and numerous trade agreements between markets and governments. Many of the world’s largest merchants are based in the United States. American stores like Walmart and Amazon are instances of this. The performance of US retailers in online retail can also be considered as a measure of their success.
In the United States, retail is a multibillion-dollar industry.
In the United States, the domestic retail sector is a profitable market in which many enterprises compete. Walmart is the most popular retailer in the United States, with low pricing and a large assortment of goods. Other major retailers in the United States include Amazon, The Kroger Company, Costco, and Target.
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| Year | Sales growth change |
|---|---|
| 2020 | -2.9% |
| 2021 | 9.7% |
| 2022 | 5% |
| 2023 | 4.8% |
| 2024 | 4.9% |
| 2025 | 4.1% |
| 2026 | 5.5% |
| 2027 | 5.7% |
| 2028 | 6% |
