New data released by Euromonitor on the global retailing industry shows a steady growth of 5.3% in 2014 due to improved performance in Western Europe.

“Western Europe registered its biggest increase since 2008 while Eastern Europe experienced its biggest slowdown with 6% growth due to the conflict in Ukraine and economic sanctions on Russia,” said Daniel Latev, Head of Retailing at Euromonitor International.

Starting in 2014 through to 2019, a third of new global retail sales will come from China. Apparel and footwear are reported to be the most popular products sold online and are expected to generate over US$360bn. Food and beverages are expected to be the most dynamic with 18.2% CAGR by 2019.

Wal-Mart, Carrefour and Seven and I remain the top global three retailers, while Tesco lost its fourth place market share to Schwarz Beteiligungs.

Online retailing is set to generate a third of all new retail sales, driven by strong growth in both emerging and developed markets. Mobile internet retailing will account for 32% of internet retailing sales compared to 18% in 2014. Euromonitor International forecasts internet retailing to increase by 15% CAGR to reach US$1.7tn by 2019, making multichannel operations key for all retailers looking for growth.

Source: www.euromonitor.com