Experts Highlight Massive Growth Potential in Global Retail

Analysts and industry experts say the global retail sector is poised for massive growth, driven by expanding e‑commerce adoption, rising middle‑class consumption in emerging markets, advances in omnichannel technology, and increased spending on personalized experiences. Forecasts project worldwide retail sales to rise from about $27 trillion in 2023 to over $35 trillion by 2030, with Asia‑Pacific delivering the fastest growth and digital‑first retailers capturing a larger market share. Views Nigeria