Cryptocurrencies will be a big part of $4+ trillion World Retail market

Deloittes Global Powers of Retailing identifies the 250 largest
retailers around the world based on publicly available data for FY2016 (fiscal years ended through June 2017), and analyzes their performance across geographies
and product sectors. It also provides a global economic outlook and looks at the 50 fastest-growing retailers and new entrants to the Top 250.

Young consumers from Pearson College London were surveyed to share how they and their peers shop and how they see the future of retailing.

They say a future of e-payments shifting towards cryptocurrencies.

Highlights

Aggregate retail revenue of the top 250 global retailers is $4.4 trillion.
90 percent of worldwide retail sales are still done in physical stores.

The rest of the retailing world is not about to sit idly by and watch Amazon shoot up the retail ranks and steal market share. Many players that may have initially been on the sidelines, failing to keep up with digital trends, are now making up for lost time in a big way.

A recent study finds that global grocery sales through e-commerce channels jumped 30 percent in the past year.

Countries leading the growth charge were
China (+52%),
South Korea (+41%),
the UK (+8%),
France (+7%), and
Japan and the US (both +5%).
China is the world’s dominant e-commerce—and mobile—market.

Two of the top three fastest-growing retailers in 2016 are China-based e-commerce retailers Vipshop and JD.com.

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