Home » Association » What Experts Expect From the Retail Sector This Year

What Experts Expect From the Retail Sector This Year

Despite supply chain challenges and labor shortages, retailers are coming off another unusual, but strong, holiday shopping season. Analysts predict 2022 will be another solid year for retailers, even with an expected decline in growth. For more insights into 2022, read our conversation with economic expert Katie Thomas.


 

 

Global retail industry growth for 2022 is predicted to be down 6.6 percent from the forecasted growth in 2021, which was 7.2 percent.

 

 


 

Total 2022 retail sales worldwide are expected to top $26.7 trillion.

 

 

 


3 Trends That Will Shape Retail in 2022

               

Sale of more secondhand goods

 

Return policies will differentiate retailers

 

Using tech to enhance in-store experiences

 

Register for the webinar with NHPA’s Dan Tratensek and Grant Farnsworth from The Farnsworth Group for insights into trends and industry projections for 2022 at YourNHPA.org/webinars.

About Lindsey Thompson

Lindsey Thompson
Lindsey joined the NHPA staff in 2021 as an associate editor for Hardware Retailing magazine. A native of Ohio, Lindsey earned a B.S. in journalism and minors in business and sociology from Ohio University. She loves spending time with her husband, two kids, two cats and one dog, as well as doing DIY projects around the house, going to concerts, boating and cheering on the Cleveland Indians.

Check Also

HR Instagram

Follow HR on Instagram for Industry News and Trends

As we strive to continually find new ways to engage with our readers and keep …