This question is about retail statistics.

Is the retail industry growing or declining?

By Zippia Team - Jun. 29, 2022

The retail industry is growing. In fact, despite the COVID-19 pandemic, the industry is still growing at a steady rate. For instance, from 2010 to 2021, the U.S. retail annual growth rate increased from 5.63% to 19.38%.

E-commerce has also grown more popular since the start of the pandemic, as from 2021 to 2022, U.S. e-commerce revenue grew by 13%. Further, the U.S. e-commerce market will experience an overall CAGR of 13.5% between 2017 and 2025.

Is the retail industry growing or declining?

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