Despite the initial disruptions caused by the COVID-19 pandemic, retail companies witnessed significant growth over the past two years. Moreover, with the worst of the COVID-19 pandemic behind us, consumers are now resuming in-store shopping.
Moreover, the retail market is poised to grow due to rising discretionary spending with the economic recovery. In February, retail sales increased 0.3% amid the rising inflation and growing tensions between Ukraine and Russia. In 2022, worldwide retail sales are poised to grow 5% year-over-year to exceed $27.33 trillion.
