By 2020 The Retail Industry Could Top $5.5 Trillion
According to Business Insider, the future of retail is looking quite 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.