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By 2020 The Retail Industry Could Top $5.5 Trillion

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By 2020 The Retail Industry Could Top $5.5 Trillion

By 2020 The Retail Industry Could Top $5.5 Trillion

According to Business Insider, the future of retail is looking quite bright.

How bright?

Industry experts say that retail will top $5.5 trillion dollars by the year 2020!

Data is spelled out in a new slide deck called The Future of Retail: Mobile Commerce, created by Business Insider Intelligence.

While mobile purchases will likely drive most of the growth, desktop and in-store shopping will also help the retail industry boom.

Business Insider explains, "In-store retail is still dwarfing e-commerce.

But e-commerce is growing almost 4x faster than in-store." Data shows that US retail is growing $200 billion year-over-year.

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