Retail Franchises

Retail Franchises

The retail industry has always been a huge industry but also a very diverse industry since retail can go from clothes to food products and everything in between.

Retail Franchise Statistics

Now we will list some statistics about the recent growth the retail industry has seen throughout the world. Also this should hopefully help anyone looking in to buying a franchise within the retail sector to see the whole sectors growth in previous years and also new growth forecasts for years to come.

Did you know?

• In 2019 the UK was stunned by retail sales reaching £394 billion British pounds.
• Global retail sales were projected to amount to around 30 trillion U.S. dollars by 2023, up from approximately 23 trillion U.S. dollars in 2017
• There are currently over 309,000 retail outlets in the whole of the UK

What do these statistics show for the retail sector?

These statistics show that the retail sector is booming in not just the US and UK, but throughout the world. Retail sector is a sector which is very much in growing demand

In addition, it is growing every year and is show no sign of the rapid growth and spread slowing down. These statistics may suggest now might be the right time to invest in this huge sector. If you are not sure which one to choose yet I recommend you have a good look through our retail franchises category to find your dream franchise opportunity.

Conclusion around the retail industry.

Overall the retail industry is consistently showing a large growth. Also it may be a great time to look in to technology related franchises within the retail sector. Since that has shown the largest growth in the last decade since people are more relying on technology to get their products now and not themselves. Also if you are not sure you want a retail franchise or its just not your cup of tea. I recommend having a look at our directory since Franchiseek are the largest franchise directory providing many franchises for sale to satisfy your needs.